Insurance Regulatory and Development Authority

Orders issued against Life Insurers

S. No.	Date of issuing the order	Name of Life Insurer	Brief Description
1.	04.07.07	Metlife India	Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
2.	21.08.07	Bajaj Allianz Life	Imposing a penalty of Rs. 5.00 Lacs on the insurer for violation of Section 64VC of the Insurance Act, 1938.
3.	10.09.07	Shriram Life	Imposing a penalty of Rs. 5.00 Lacs on the insurer under Section 105B of the Insurance Act, 1938.
4.	13.05.08	Max New York Life	Imposing a penalty of Rs. 5.00 Lacs on the insurer under Section 102(b) of the Insurance Act, 1938.
5.	30.10.08	Kotak Mahindra Old Mutual	Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
6.	15.09.09	Aviva Life Insurance	Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
7.	04.01.10	Birla Sun Life Insurance	Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
8.	05.01.10	ING Vysya Life	Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.
9.	07.01.10	LIC of India	Imposing a penalty of Rs. 5.00 Lacs on the insurer under Section 105B of the Insurance Act, 1938.
10.	07.01.10	HDFC Standard Life	Imposing a penalty of Rs. 5.00 Lacs on the insurer under Section 105B of the Insurance Act, 1938.
11.	23.03.10	ICICI Prudential	Insurer warned for violation of certain guidelines issued by the Authority and advised to refrain from the same in future.

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