As per IRDAI website following penalties are imposed on following insurers in 2020 and 2021

As per IRDAI website following penalties are imposed on the following insurers in 2020 and  2021. There is no penalty on any PSU Insurance company

1-SBI GENERAL-55 Lakhs
2-Universal sompo- 25 lakhs
3-Shriram general- 6 lakhs
4- Iffco tokio- 5 lakhs
5-Bajaj Allianz-10 lakhs
6- liberty- 13 lakhs
7- Royal sundaram- 3 lakhs
8- Future Generali- 17 laks
9- Chola mandalam- 1 crore
10-Bharati axa-15 lakhs
11-Magma- 28 lakhs
12-ICICI LOMBARD-1Crore
13-Tata Aig- 1crore

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  • General Insurance Pensioners Association
    Sterling Cinema Building
    3rd Floor, 65,
    Murzban Road
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  • 022 22070058
    022 22073508