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IRDAI News

Policybazaar Faces Record Rs 5 Crore Fine from IRDAI for Multiple Regulatory Violations

Michael Lee 05 Aug, 2025

IRDAI has imposed a record Rs 5 crore fine on Policybazaar for violations including conflict of interest, biased product promotion, and irregular outsourcing payments, following a ...

Business

Ajay Seth Steps Up as IRDAI Chief: A New Era for India's Insurance Sector Reform

Ryan Peterson 24 Jul, 2025

The government appoints Ajay Seth as the new IRDAI chairperson, aiming to address the insurance sector's reform backlog and restore trust. With a background in economic policymakin...