IRDA bans over 4,000 corporate agents

[Harish Rawat]

Why these corporate agents are banned?

Are they doing something wrong?

[PolicyWala]

Why these corporate agents are banned?
Are they doing something wrong?

Reason is mentioned in above post - "These corporate agencies were due for renewal on or before March 31, 2010 but have not been renewed till date. All these agency licences have been withdrawn," IRDA said in a circular on Tuesday.

[Matrix]

Note -"Insurers and General public are hereby cautioned not to transact any insurance business through them."
The complete list is on IRDA-India website -
irdaindia.org > what is new? > Notice - 8th June 2010 - Corporate Agency

[Expert]

Policies valid despite withdrawal of agency licences: IRDA
Insurance regulator IRDA today sought to assure customers that their policies would remain valid despite the withdrawal of licences of over 4,200 corporate entities, including HDFC Bank, Indiabulls Insurance Advisors and Indian Overseas Bank.