MUMBAI: The Irdai on Friday, fined Reliance General Insurance Rs 1 crore in Hyderabad for routing unauthorised payouts through marketing and awareness expenses that amounted to disguised commissions. The penalty follows Irdai’s examination of transactions across FY19, FY20 and FY21. According to the regulator, the insurer channeled payments to brokers, agents, corporate agents and unlicensed entities under labels such as consumer awareness, marketing and advertising.
Irdai fines Reliance General Insurance over ‘commission’
Date:
More like thisRelated
Thalapathy Vijay’s Jana Nayagan gains momentum over Prabhas’s The Raja Saab in North America | Tamil Movie News
In a groundbreaking turn of events, Thalapathy Vijay's...
Ranveer Singh and Aditya Dhar’s ‘Dhurandhar’ beats Nag Ashwin and Prabhas’s ‘Kalki 2898 AD’ to become 5th biggest hit of Indian Cinema | Hindi...
Ranveer Singh and Aditya Dhar's 'Dhurandhar' has achieved...
Saudi Arabia: Injured officer who foiled suicide attempt at Islam’s holiest site identified, now recovering | World News
Haram security officer Rayan bin Saeed Al-Asiri is...
8 militants arrested in Manipur | India News
IMPHAL: Security forces arrested eight active cadres,...