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      Question

      What penalty amount was imposed by IRDAI on Reliance

      General Insurance Company for regulatory violations?
      A ₹25 lakh Correct Answer Incorrect Answer
      B ₹50 lakh Correct Answer Incorrect Answer
      C ₹75 lakh Correct Answer Incorrect Answer
      D ₹1 crore Correct Answer Incorrect Answer
      E ₹2 crore Correct Answer Incorrect Answer

      Solution

      According to the IRDAI enforcement , the regulator imposed a penalty of ₹1 crore on Reliance General Insurance Company for violations of regulatory norms.

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