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Irdai imposes 20 lakh fine on ICICI Prudential Life

Irdai imposes 20 lakh fine on ICICI Prudential Life

Tuesday, March 28, 2017, 5:04 PM

The Insurance Regulatory and Development Authority of India today levied Rs 20 lakh penalty on ICICI Prudential Life Insurance for violating norms including arranging foreign trips for employees of corporate agency. In their response, ICICI Prudential Life Insurance said that rewards and recognition programs for all intermediaries have always existed in the insurance industry in order to boost the morale and to recognize performers.
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