Mumbai, Jan 17 (IANS) The Secretary of the Department of Financial Services (DFS), M. Nagaraju, on Saturday said that LIC has transformed into a tech-enabled and capital-efficient financial powerhouse, remaining one of the most trusted brands in Indian households. Speaking at LIC’s Strategy Meet here, the Secretary highlighted the company’s historic transformation from a traditional brick-and-mortar insurer into a digitally driven, value-focused organisation.“LIC has transformed into a tec…
Latest IRDAI News & Updates
New Delhi, Dec 29 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on Reliance General Insurance Company for violating several regulatory norms related to insurance intermediaries, outsourcing of activities and corporate governance.The action comes after a remote inspection carried out by Insurance Regulatory and Development Authority of India between December 27 and December 31, 2021.Based on the findings of this inspection, the regu…