Question
What was the penalty amount imposed by the Insurance Regulatory and Development Authority of India (IRDAI) on Acko General Insurance in May 2025?
The correct answer is
₹1 crore
IRDAI Penalty Details for Acko General Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) imposed a specific penalty amount on Acko General Insurance.
Key Penalty Information
- Penalty Amount: ₹1 crore
- Insurer: Acko General Insurance
- Regulatory Body: IRDAI
- Date of Imposition: May 2025
This penalty was levied on Acko General Insurance by the IRDAI in May 2025, amounting to ₹1 crore.
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