Latest news with #PolicybazaarInsuranceBrokers
Economic Times
5 days ago
- Business
- Economic Times
Irdai imposes Rs 5 crore fine on Policybazaar Insurance Brokers
Synopsis Irdai has levied a Rs 5 crore penalty on Policybazaar Insurance Brokers, formerly Policybazaar Web Aggregator, due to identified violations of insurance regulations. The regulator issued directions, advisories, and cautions to the company following the findings. This action comes despite Policybazaar's success in selling over 42 million policies since its establishment in 2008. iStock
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Business Standard
5 days ago
- Business
- Business Standard
Policybazaar fined ₹5 crore by Irdai for violations of insurance norms
Insurance Regulatory and Development Authority of India has also issued direction, advisory and caution to the company Press Trust of India New Delhi Regulator Irdai has imposed a ₹5 crore penalty on Policybazaar Insurance Brokers for certain lapses and also cautioned against violating insurance norms. Policybazaar Insurance Brokers was earlier known as Policybazaar Web Aggregator. Insurance Regulatory and Development Authority of India (Irdai) has also issued direction, advisory and caution to the company, according an official statement. The regulator said a penalty of ₹5 crore has been impose on M/s Policybazaar Web Aggregator Pvt Ltd (now known as 'M/s Policybazaar Insurance Brokers Pvt Ltd') along with direction, advisory and caution for various violations" established under Insurance Act, 1938 and Rules and Regulations. Policybazaar was founded in 2008 and has sold over 42 million policies since inception.
Time of India
5 days ago
- Business
- Time of India
Irdai imposes Rs 5 crore fine on Policybazaar Insurance Brokers
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Regulator Irdai has imposed a Rs 5 crore penalty on Policybazaar Insurance Brokers for certain lapses and also cautioned against violating insurance Insurance Brokers was earlier known as Policybazaar Web Aggregator Insurance Regulatory and Development Authority of India (Irdai) has also issued direction, advisory and caution to the company, according an official regulator said a penalty of Rs 5 crore has been impose on M/s Policybazaar Web Aggregator Pvt Ltd (now known as 'M/s Policybazaar Insurance Brokers Pvt Ltd') along with direction, advisory and caution for various violations" established under Insurance Act, 1938 and Rules and was founded in 2008 and has sold over 42 million policies since inception.
News18
5 days ago
- Business
- News18
Irdai imposes Rs 5 cr fine on Policybazaar Insurance Brokers
Agency: PTI Last Updated: New Delhi, Aug 4 (PTI) Regulator Irdai has imposed a Rs 5 crore penalty on Policybazaar Insurance Brokers for certain lapses and also cautioned against violating insurance norms. Policybazaar Insurance Brokers was earlier known as Policybazaar Web Aggregator. Insurance Regulatory and Development Authority of India (Irdai) has also issued direction, advisory and caution to the company, according an official statement. The regulator said a penalty of Rs 5 crore has been impose on M/s Policybazaar Web Aggregator Pvt Ltd (now known as 'M/s Policybazaar Insurance Brokers Pvt Ltd') along with direction, advisory and caution for various violations" established under Insurance Act, 1938 and Rules and Regulations. view comments First Published: August 04, 2025, 19:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
