Policybazaar has been fined Rs 5 crore by IRDAI for breaking multiple insurance rules, including unfair promotions and ...

One of the key violations pertained to Key Managerial Personnel (KMPs) holding directorships in other companies, which goes ...

Upon examining a selection of 67 insurance policies, IRDAI found that premiums were remitted with delays exceeding 30 days ...

To improve how insurance complaints are handled, IRDAI has suggested each insurer have an internal ombudsman. This aims to ...

IRDAI has imposed a record penalty of Rs 5 crore on Policybazaar for several violations found during a remote inspection ...

The IRDAI has slapped a fine of INR 5 Cr on insurtech major Policybazaar for multiple violations of insurance norms.

Exercising its powers under Section 102 of the Insurance Act, 1938, IRDAI also issued a direction, advisory, and caution to ...

The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹5 crore penalty on insurtech major ...

IRDAI fines Policybazaar ₹5 crore for violating Insurance Act, 1938 by misleading promotions and non-disclosures.

The penalty follows an inspection conducted by Irdai in June 2020, after which a show-cause notice was issued to Policybazaar ...

"However, it is noticed that the website of policybazaar.com is owned by its holding company. IWA has paid a license fee @ 5 ...