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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 COMPANY: DEFAULTED IN CANCELLATION OF POLICIES UNDER FREE LOOK OPTION

S.No. ENTITY  PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person FUTURE GENERALI INDIA LIFE INSURANCE CO.LTD.  
  DELAY IN CANCELLATION OF POLICIES UNDER FREE LOOK OPTION

DID NOT CANCEL POLICIES UNDER FREE LOOK OPTION

DELAY IN DESPATCH OF POLICY BONDS   		ADVISED INSURANCE COMPANIES TO STRICTLY ADHERE TO IRDA GUIDELINES

14-NOV-2011 		 
2
History of entity/person SHRIRAM LIFE INSURANCE CO.LTD.  
  DELAY IN CANCELLATION OF POLICIES UNDER FREE LOOK OPTION   ADVISED INSURANCE COMPANIES TO STRICTLY ADHERE TO IRDA GUIDELINES

30-AUG-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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