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IRDA slaps Rs 12 lakh penalty on Sahara Life Insurance

Last Updated: Wednesday, February 29, 2012, 23:29

Insurance sector regulator IRDA slapped a fine of Rs 12 lakh on Sahara Life Insurance Company promoted by Subrata Roy-led Sahara Group for violation of various regulations, including delay in death claim settlement.

IRDA slaps Rs 12 lakh penalty on Sahara Life Insurance

Last Updated: Wednesday, February 29, 2012, 19:14

The company, set up in 2004, has been directed to pay the fine within a period of 15 days from the date of receipt of the order.