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

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