Irdai fines Reliance General Insurance over ‘commission’
MUMBAI: The Irdai on Friday, fined Reliance General Insurance Rs 1 crore in Hyderabad for routing unauthorised payouts through marketing and awareness expenses that amounted to disguised commissions.
According to the regulator, the insurer channeled payments to brokers, agents, corporate agents and unlicensed entities under labels such as consumer awareness, marketing and advertising.
According to the regulator, the insurer channeled payments to brokers, agents, corporate agents and unlicensed entities under labels such as consumer awareness, marketing and advertising.
Top Comment
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5 days ago
Loot is the success mantra of every insurance company.Goverment insurance company are not far behind.They are the modern dacoitsRead allPost comment
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