August 22, 2013 10:02 AM
IRDA penalty of over 3cr on Bajaj Allianz Life Insurance for violations
The Insurance Regulatory and Development Authority (IRDA) on Wednesday imposed a penalty of 3.10 crore rupees on Bajaj Allianz Life Insurance for violation of various norms, including thoserelated to early-death claims and group insurance.In a order, the IRDA has asked the company to pay the fine wi...