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SOURCE OF INFORMATION : INSURANCE REGULATORY & DEVELOPMENT AUTHORITY OF INDIA WEBSITE
UPDATED TILL : 13-JUL-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

INSURANCE AGENT (CORPORATE): VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ON MOTOR INSURANCE SERVICE PROVIDERS

S.No. ENTITY  PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person NISSAN RENAULT FINANCIAL SERVICES INDIA PVT.LTD.  
  DELAY IN REMITTANCE OF PREMIUM TO INSURANCE COMPANIES VIOLATING REGULATION 24(1) OF IRDAI (REGISTRATION OF CORPORATE AGENT) REGULATIONS, 2015

DID NOT PROVIDE COMPLAINANTS A DIRECT OPTION TO REGISTER COMPLAINTS

DID NOT SPECIFY QUANTUM AND MANNER OF FEE PAYMENT IN THE DISTRIBUTION FEE SECTION OF THE MISP AGREEMENTS

DID NOT CONDUCT MONTHLY AUDIT AND RECONCILIATION ON WEEKLY BASIS   		CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.

IMPOSED PENALTY RS.1,00,00,000

27-MAY-2026 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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