Regulator IRDAI has imposed a penalty of Rs 1 crore each on ICICI Lombard GIC and Tata AIG General Insurance Company for violation of various norms.
The regulator has slapped the penalty on ICICI Lombard for violation of certain provisions related to health insurance policies. IRDAI has also issued certain directions and advisory to the company.
In a separate order, IRDAI imposed the penalty on Tata AIG General Insurance Company for violation of provisions for protection of policyholders' interests.
Union Budget 2026: Can India put its AI ambitions on fast track?
'If we don't, Russia or China will': Trump doubles down on takeover of Greenland
State Street to acquire 23% stake in Groww AMC to expand India-focused investment offerings
Infosys ADRs rise 2% in pre-market session as FY26 guidance raised
One ticket, smoother travel: Saudia and Air India ink codeshare deal for India–Saudi routes
Fake Silver In Memento For Retired Railway Employees Triggers Probe
Rajnath Singh Salutes Armed Forces Veterans, Calls Them India’s Greatest Strength
Silver Rally Turns Explosive: $100 Crossed, $115 Next?
Denmark Backs Aravalli Restoration Study, Calls Land Degradation A Global Climate Challenge
Tata Elxsi Q3 Results: Profit Slides, Stock Under Pressure Despite Margin Recovery
FirstCry shares hit 52-week low; down nearly 30% in six months; what's next?
Groww stock rises despite Q3 profit drop; analysts share outlook
RBI gives nod to Japan's SMBC to set up subsidiary in India; what it means for YES BankInfosys ADRs rise 2% in pre-market session as FY26 guidance raised
Labour Codes impact: Infosys Q3 provisions at Rs 1,289 cr; top 3 IT firms at Rs 4,373 cr