Latest Breaking News On - Royal sundaram general insurance - Page 9 : comparemela.com

Irdai imposes Rs 51 lakh penalty on 4 insurers SECTIONS Last Updated: Apr 18, 2021, 04:15 PM IST Share Synopsis A penalty of Rs 25 lakh has been imposed on SBI General Insurance Company for not fulfilling regulatory obligations under the Motor Third Party (MTP) business. Penalty of Rs 13 lakh imposed on Liberty General Insurance Limited, Rs 10 lakh penalty on Bajaj Allianz General Insurance Company, and Rs 3 lakh on Royal Sundaram General Insurance Company. Regulator Irdai has imposed a penalty of Rs 51 lakh on four insurers, including SBI General Insurance Company Regulator Irdai has imposed a penalty of Rs 51 lakh on four insurers, including SBI General Insurance Company, for violation of certain norms related to motor insurance.

Bajaj allianzMotor third partyGuidelines on motor insurance service providerInsurance companyDevelopment authority of india irdaiMotor third party insurance business regulationsRegulator irdaiInsurance regulatoryDevelopment authorityLiberty general insurance limitedBajaj allianz general insurance companyRoyal sundaram general insuranceMotor third party insurance businessMotor insurance service providerInsurance actMotor third party business