Policybazaar Hit with ₹5 Crore Penalty for Violating Insurance Norms
Aug 5, 2025
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a hefty penalty of ₹5 crore on Policybazaar Insurance Brokers Pvt Ltd, citing multiple violations under the Insurance Act, 1938, and the IRDAI (Insurance Web Aggregators) Regulations, 2017. The regulatory order, dated
