IRDAI slaps Rs. 1 crore penalty on Acko General Insurance:

IRDAI slaps Rs. 1 crore penalty on Acko General Insurance:

Daily Current Affairs   /   IRDAI slaps Rs. 1 crore penalty on Acko General Insurance:

Change Language English Hindi

Category : Business and economics Published on: May 23 2025

Share on facebook
  • The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs. 1 crore on Acko General Insurance. 
  • The penalty was imposed by the regulator on the insurer for violating the provisions of regulations on outsourcing activities as well as norms on payment of commission or remuneration or reward to insurance agents and insurance intermediaries.
Recent Post's
  • 12th-century Mandir-style pillar fragments discovered in Hinganghat reflect Hemadpanti architecture and highlight the region’s medieval cultural significance.

    Read More....
  • Varanasi sets a Guinness record by planting over 2.5 lakh saplings in one hour using Miyawaki method under Namo Van urban forest project.

    Read More....
  • India enters advanced memory manufacturing as Micron’s Sanand ATMP facility begins DRAM and NAND production with $2.7 billion investment.

    Read More....
  • US and Israel launch coordinated strikes on Iran, targeting top leadership, escalating tensions in West Asia.

    Read More....
  • Oldest known hand stencil dated 67,800 years discovered in Sulawesi cave, highlighting early human symbolic expression.

    Read More....
  • Tripura launches its first State Innovation Mission with T-NEST hub, promoting startups, AI policy, and inclusive innovation.

    Read More....
  • Mangaluru Airport wins ASQ ‘Best Airport at Arrivals’ award for the second consecutive year.

    Read More....
  • NSV Kaundinya completes maiden Oman voyage and returns to Mumbai, highlighting India’s maritime heritage.

    Read More....
  • Assam distributes land pattas to over one lakh families under Mission Basundhara 3.0, enhancing legal ownership and governance.

    Read More....
  • UAE launches world’s first sovereign financial cloud, SFCSI, offering AI-driven secure digital infrastructure for financial institutions.

    Read More....