New Delhi, July 12 -- The Insurance Regulatory and Development Authority of India has started the process to issue show cause notices to as many as eight insurance companies after allegedly finding lapses in their health insurance portfolios, a report said.

As per the report by CNBC TV18 on Friday citing sources, the eight companies that were are being sent show cause notices by the IRDAI include - Niva Bupa Health Insurance, Star Health & Allied Insurance, Care Health Insurance, ManipalCigna Health Insurance, along with New India Assurance, Tata AIG General Insurance, ICICI Lombard General Insurance, and HDFC ERGO General Insurance.

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