Irdai slaps Rs 2.18 cr fine on Hero Insurance Broking for violating norms

In its order against Hero Insurance Broking India Ltd (HIBIL), Irdai said it received complaints from some general insurance agents association of the apparent conflict of interest in the role of MISPs in selling insurance policies and servicing and repairing motor vehicles under the insurance policies sold by it.

from Banking/Finance-Industry-Economic Times https://ift.tt/2FaToKh