Current Affairs · Economy & Insurance Sector
Why did the Insurance Regulatory and Development Authority of India (IRDAI) impose a ₹5 crore penalty on Policybazaar Insurance Brokers in August 2025?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Failure to register as an NBFC
- 2Operational and compliance lapses in insurance broking✓
- 3Violation of IPO investment guidelines
- 4Unauthorized issuance of life insurance policies
Correct answer
Operational and compliance lapses in insurance broking
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