The Insurance Regulatory and Development Authority (IRDA) has slapped a penalty of Rs.31 lakh on Canara HSBC Oriental Bank of Commerce Life Insurance Company.
IRDA has penalised Canara HSBC Oriental Bank of Commerce Life Insurance Company on charges including, delay in payment of claims, non-adherence to product specifications and violating licensing of corporate agents norms.
IRDA has penalised Canara HSBC Oriental Bank of Commerce Life Insurance Company on charges including, delay in payment of claims, non-adherence to product specifications and violating licensing of corporate agents norms.
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