The Hindu Business Line reported that the regulator examined 34 charges on a variety of aspects related to business and the newspaper alleged that the life insurer had violated many norms on various aspects of business.

It is said the alleged violation of these norms included not settling multiple claims for group insurance schemes, and continuation of corporate agency following licence expiry.

According to The Hindu Business Line, the IRDA has further alleged that the insurer used unlicensed entities for procuring business, and authorised distribution of gift vouchers procured from Big Bazaar.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.