The I R D A, has been busy protecting the interest of the companies.
But, IRDA was created to protect the INTERESTS of CUSTOMER NOT COMPANY
On the other hand SEBI, has been tough on Mutual Fund companies.
Because of S E B I, the M F company have fallen in line.
Please find the email below and tell us what actions you are taking.
Are you fining HDFC ERGO, HDFC LIFE and H D F C?
What is the amount of FINE??
The company should not pay the fine, the management has to pay.
The CHAIRMAN, DIRECTOR, and other TOP MANAGEMENT should pay the fine
Otherwise, we have to write to the FINANCE MINISTRY AND GOVERNMENT .
Because, so far IRDA has been of no use to the CUSTOMERS .
So better to scrap the company and wind up organisations like IRDA .
There is no need to pay hefty and fat salary to a few persons sitting in IRDA and doing nothing with respect to their prime job and duty.
IRDA officials are more busy defending the fraud of INSURANCE COMPANIES and their fraudulent activities of the insurance company.
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