IRDAI Slaps Rs 35 Lakh Fine On Bharti AXA General Insurance

New Delhi: IRDAI has imposed Rs 35 lakh fine on Bharti AXA General Insurance Co Ltd for violation of various norms including outsourcing activities and corporate governance guidelines. The fine is based on violation related with an inspection finding during December 2012 to March 2013. "In conclusion, as directed under the respective charges, the penalty of Rs 35 lakh shall be debited to shareholders' account of the general insurer...