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IRDAI imposes a ₹1 crore penalty on ICICI Lombard General Insurance

It also issued advisories to the private general insurer, in respect of certain compliance deficiencies, including matters relating to unallocated premium and delays in processing of free look cancellation requests

· 9/8/2026, 5:32:13 PM· 2 min read
IRDAI imposes a ₹1 crore penalty on ICICI Lombard General Insurance
It also issued advisories to the private general insurer, in respect of certain compliance deficiencies, including matters relating to unallocated premium and delays in processing of free look cancellation requests
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