The Insurance Regulatory and Development Authority of India (IRDAI) has levied a fine of ₹5 crore on Policybazaar Insurance Brokers for multiple breaches of regulatory norms. These infractions include ...
The fine comes after PolicyBazaar had sent SMS messages to 10 Lakh customers between March and April 2020 about a rise in insurance premium prices IRDAI's charge involved causing panic among customers ...
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