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SOURCE OF INFORMATION : INSURANCE REGULATORY & DEVELOPMENT AUTHORITY OF INDIA WEBSITE
PERIOD COVERED : 16-AUG-2002 TO 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 BROKER: DID NOT ADHERE TO PREMIUM RATES FILED WITH IRDA

S.No. ENTITY  PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person AVIVA LIFE INSURANCE CO.INDIA LTD.  
  DID NOT OBTAIN CONSENT/SIGNATURE OF CUSTOMER IMPLYING HE WAS NOT INFORMED UPFRONT ABOUT HIGH MORTALITY/EXTRA MORTALITY RATE (EMR) CHARGES LEVIED BEFORE ISSUANCE OF POLICY CONTRACT VIOLATING REGULATION (3) OF IRDA (PROTECTION OF POLICYHOLDERS’ INTERESTS) REGULATIONS, 2002   IMPOSED PENALTY RS.5,00,000

03-NOV-2014 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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