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View Full Version : IRDA probes LIC's profit transfer between various schemes



IndiaInsurance
17th November 2010, 12:58 PM
The Insurance Regulatory and Development Authority (IRDA) has launched a probe to ascertain whether the country’s largest investment institution, Life Corporation of India, or LIC, violated rules to transfer profits between its various schemes to make good the deficit in some of its funds.

More... (http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/IRDA-probes-LICs-profit-transfer-between-various-schemes/articleshow/6938803.cms)