Irdai imposes Rs 15 lakh penalty on Bharti AXA General Insurance Company ...Middle East

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Irdai imposes Rs 15 lakh penalty on Bharti AXA General Insurance Company
source : Devdiscourse ( Middle East ) () 73
Regulator Irdai has imposed a total penalty of Rs 15 lakhs on Bharti AXA General Insurance Company in two different cases for violation of various provisions concerning motor insurance. In this first case, the Insurance Regulatory Development Authority of India (Irdai) slapped a penalty of Rs 10 lakh on the private sector insurance company for non-compliance with minimum obligations under regulations concerning third-party motor insurance business.

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