policy bazaar fined by irda 2019

IRDAI imposes Rs 1.11 crore penalty on Policybazaar

Insurance Regulatory and Development Authority of India (IRDAI) has imposed a Rs 1.11 crore penalty on web aggregator Policybazaar. The official at IRDA said Policybazaar partnered with ‘lndian Health Organization by Aetna’ and illegally offered incentives to its customers which is in violation of regulations of IRDA.

Source: https://www.moneycontrol.com/news/business/economy/irdai-imposes-rs-1-11-crore-penalty-on-policybazaar-4382621.html

Vikas is the founder of InsuringGurgaon.com - an LIC life insurance agency based in Gurgaon. He has a experience of 16 years and is working with professionals, corporate and HNIs for their LIC services needs. Vikas is a MBA in marketing from Symbiosis, Pune and has a experience of 15 years working with companies at various levels. Vikas can be reached at 9891420503 and [email protected]

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