Indian regulator IRDA soft on rule defaulters, claims report
Insurance companies are flouting their "social and rural responsibilities" and the regulator, IRDA, lacks the will to punish them, according to a new report.
The Times of India said that the Insurance Regulatory and Development Authority admits that, while 34 insurers flouted insurance norms between 2000 and 2010, it acted only against nine of them.
It
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