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IRDAI imposes Rs1cr penalty on Royal Sundaram General for violating Outsourcing norms

IRDAI imposes Rs1cr penalty on Royal Sundaram General for violating Outsourcing norms

by AIP Online Bureau | Jan 24, 2025 | Health, Indian News, Regulation

In an order passed by two members of the IRDAI- Rajay Kumar Sinha,(F&I) and Deepak Sood,(Non-Life), the insurance regulator has said that the payments made by RSGI during 2018-19 and 2019-20 to vendors in excess of Rs1 crore were not reported in the outsourcing...

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