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SOURCE OF INFORMATION : INSURANCE REGULATORY & DEVELOPMENT AUTHORITY OF INDIA WEBSITE
UPDATED TILL : 13-JUL-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

INSURANCE AGENT (CORPORATE): FLOATED REQUEST FOR PROPOSAL FOR TECHNICAL AND COMMERCIAL BIDS FOR CORPORATE RELATIONSHIP

S.No. ENTITY  PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CENTRAL BANK OF INDIA  
  ENTERED INTO AN MOU FOR CORPORATE AGENCY AGREEMENT AND ALSO A REFERRAL AGREEMENT WITH CHOLAMANDALAM MS GENERAL INSURANCE CO.LTD. WHILE HAVING A CORPORATE AGENCY RELATIONSHIP WITH THE NEW INDIA ASSURANCE CO.LTD.

FLOATED REQUEST FOR PROPOSAL FOR TECHNICAL AND COMMERCIAL BIDS FOR CORPORATE RELATIONSHIP

DID NOT INFORM ITS POLICYHOLDERS ABOUT ARRANGEMENTS MADE WITH ANOTHER INSURER   		IMPOSED PENALTY RS.5,00,000

09-FEB-2011 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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