The Insurance Regulatory and Development Authority of India (IRDAI) imposed a Rs 2 crore fine on HDFC Life. The penalties stemmed from irregularities found during a 2020 inspection covering 2017-2020. HDFC Life has been instructed to comply with additional guidelines within a specified timeline. IRDAI’s primary objectives are to safeguard the interests of policyholders and facilitate the orderly expansion of the insurance industry in the country.
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News