Warnings and Penalties

Warnings and Penalties

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Non-Archived Imposing a penalty of Rs. 5.00 Lacs on the insurer u/s 105B of the Insuranc, Jun 2009 24-06-2009 Imposing a penalty of Rs. 5.00 Lacs on the insurer u/s 105B of the Insurance Act, 1938 HDFC ERGO General
Non-Archived Imposing a penalty of Rs. 20.00 Lacs on the insurer u/s 14 of the IRDA Act, 23-07-2009 Imposing a penalty of Rs. 20.00 Lacs on the insurer u/s 14 of the IRDA Act, 1999 read with Section 102(b) of the Insurance Act, 1938 Reliance
Non-Archived Opening of offices-- Sec 64VC of Insurance Act, 1938 19-08-2009 Opening of offices-- Sec 64VC of Insurance Act, 1938 DLF Pramerica Life
Non-Archived Insurer warned fro violation of certain guidelines issued by the authority 15-09-2009 Insurer warned fro violation of certain guidelines issued by the authority and advised from the same in future Aviva Life Insurance
Non-Archived Imposing a penalty of Rs. 5.00 Lacs on the insurer Under Section 102 of the 19-09-2009 Imposing a penalty of Rs. 5.00 Lacs on the insurer Under Section 102 of the Insurance Act, 1938 New India Assurance
Non-Archived Insurer warned for violation of certain guidelines issued by the Authority, Jan 2010 04-01-2010 Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future Birla Sun Life Insurance
Non-Archived Insurer warned for violation of certain guidelines issued by the Authority, ING Vysya Life 05-01-2010 Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future ING Vysya Life
Non-Archived Imposing a penalty of Rs. 10.00 Lacs on the insurer Under Section 105B of t 07-01-2010 Imposing a penalty of Rs. 10.00 Lacs on the insurer Under Section 105B of the Insurance Act, 1938 Appolo Munich Health