5 insurance cos fined Tk 4.5 lakh - Share market analysis of dhaka stock exchange, Bangladesh

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
04 March, 2014 09:48 AM Source: New Age

The Insurance Development and Regulatory Authority has fined five insurance companies Tk 4.50 lakh and warned three others due to their violation of different insurance rules, an IDRA release said.
Of the companies, Padma Islami Life Insurance, Mercantile Insurance, Global Insurance, Standard Insurance and Eastern Insurance have been fined while Provati Insurance, Janata Insurance and Union Insurance have been warned.
After conducting hearings on Sunday and Monday, the insurance regulator made the decisions. IDRA acting chairman Fazlul Karim and member Kuddus Khan along with officials concerned conducted the hearing.
On charge of conducting registration without receiving money, the IDRA fined Eastern Insurance Tk 50,000, Standard
Insurance Tk 1.5 lakh, Mercantile Insurance Tk 50,000 and Global Insurance Tk 1 lakh.
The insurance regulator fined Padma Islami Life Insurance Tk 1 lakh as an IDRA inspection team found evidences of paying commission to its (Padma Islami Life Insurance) agents in cash which is a violation of an IDRA directive.
The insurance regulator warned Provati Insurance, Janata Insurance and Union Insurance as the IDRA inspection teams found irregularities in their different branches.

Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login
Advanced Charts
Market Map
Real-Time Market Watch
Order Book Data
Stock Screener
LankaBangla Client Login
CSE iTrading
Trading Game
DSE iTrading

Stocks in Focus

Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
Many more

Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2013


Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?