Hero Insurance Broking fined by Irdai for damages

According to the Insurance Regulatory and Development Authority of India, it has gotten complaints from policyholders over how some of the motor insurance service providers backed by insurers and insurance intermediaries were pressuring their customers to buy motor insurance policies of the insurers on their board.

Irdai stated, in its order against Hero Insurance Broking India Ltd, that it received objections from some general insur....