IndiaInsurance
9th September 2024, 07:40 PM
SBI Life Insurance has been fined Rs 1 crore by the Insurance Regulatory and Development Authority of India (Irdai) for violating regulations related to outsourcing, insurance web aggregators. The insurer was found to have engaged with web aggregators without clear agreements specifying services and fees, failed to report outsourcing payments, and repudiated claims beyond the three-year period.
More... (https://economictimes.indiatimes.com/wealth/insure/life-insurance/sbi-life-insurance-fined-rs-1-crore-for-regulatory-violations-irdai-asks-insurer-to-adhere-to-rules-to-settle-death-claims/articleshow/113198658.cms)
More... (https://economictimes.indiatimes.com/wealth/insure/life-insurance/sbi-life-insurance-fined-rs-1-crore-for-regulatory-violations-irdai-asks-insurer-to-adhere-to-rules-to-settle-death-claims/articleshow/113198658.cms)