Orders issued against Life Insurers


   

Date of issuing the order

Name of Life Insurer

Brief Description

28.07.10
 SBI Life Insurance Co. Ltd.  ORDER OF THE INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY AGAINST M/s SBI LIFE INSURANCE CO. LTD
17.06.10
 Bajaj Allianz Life  Prohibition of Loans (Section 29 of Insurance Act, 1938)
23.03.10
ICICI Prudential   Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
07.01.10
 HDFC Standard Life  Imposing a penalty of Rs. 5.00 Lacs on the insurer under Section 105B of the Insurance Act, 1938.
07.01.10
 LIC of India Imposing a penalty of Rs. 5.00 Lacs on the insurer under Section 105B of the Insurance Act, 1938.
05.01.10
 ING Vysya Life Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
04.01.10
 Birla Sun Life Insurance Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
15.09.09
 Aviva Life Insurance Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
30.10.08
 Kotak Mahindra Old Mutual Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
13.05.08
 Max New York Life Imposing a penalty of Rs. 5.00 Lacs on the insurer under Section 102(b) of the Insurance Act, 1938.
10.09.07
 Shriram Life Imposing a penalty of Rs. 5.00 Lacs on the insurer under Section 105B of the Insurance Act, 1938.
21.08.07
 Bajaj Allianz Life Imposing a penalty of Rs. 5.00 Lacs on the insurer for violation of Section 64VC of the Insurance Act, 1938.
04.07.07

Metlife India

Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.

 


 
 
 

 
 
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