IRDAI Slaps Rs 35 Lakh Fine On Bharti AXA General Insurance

Posted on:16 Aug 2016 09:31:26

IRDAI Slaps Rs 35 Lakh Fine On Bharti AXA General Insurance
16 August 2016 Current Affairs: Insurance watchdog, IRDAI has imposed Rs 35 lakh fine on Bharti AXA General Insurance Co Ltd for violation of various norms including outsourcing activities and corporate governance guidelines. 

The fine is based on violation related with an inspection finding during December 2012 to March 2013.

Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous apex statutory body which regulates and develops the insurance industry in India.

 It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India. 

The agency operates from its headquarters at Hyderabad, Telangana where it shifted from Delhi in 2001.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs July 2017

21 JULY
NEWS
20 JULY
NEWS
19 JULY
NEWS
18 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS