Subrata Roy meets Irdai chief on Sahara Life; ICICI Pru

Even as embattled Sahara Group chairman Subrata Roy today met Irdai chairman to seek more time to resolve the crisis at his life insurance arm, the largest private player ICICI Prudential submitted a valuation report to the regulator to take over the same.

Last month, the Irdai appointed an administrator to run the crippled Lucknow-based Sahara Life due to governance- related issues at the company.

"ICICI Prudential Life submitted a valuation report on the assets and liabilities of Sahara Life to Irdai today," Irdai member (life insurance) Nilesh Sathe told

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