Max Life Insurance decides to pay Rs3 crore fine imposed by IRDAI
Mon, Oct 17, 2022 9:48 AM

Max Life Insurance decides to pay Rs3 crore fine imposed by IRDAI

A Flip by Moushumi
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The Insurance Regulatory and Development Authority of India (ÍRDAI) had imposed an Rs3 crore penalty on Max Life Insurance due to non-compliance with certain terms of its approval granted by IRDI regarding the transactions involving Axis Bank and the company with respect to the transfer of shares of Max Life. On that note, Max Life has decided to pay the penalty to IRDI.

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