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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO: 4166
ANSWERED ON:  11.08.2017
Weather Insurance Policy
UDIT RAJ
Will the Minister of



FINANCE be pleased to state:-


(a) whether the Insurance Regulatory and Development Authority of India (IRDAI) has imposed penalty on ICICI Lombard for any weather insurance policy violation; and
(b) if so, the details thereof?


T


ANSWER
HE MINISTER OF STATE IN THE MINISTRY OF FINANCE

(a) & (b): Insurance Regulatory and Development Authority of India (IRDAI) has informed that vide order no. IRDA/ENF/ORD/ONS/162/09/2015 dated 3rd September, 2015 the authority had issued a direction to the insurer to ensure proper underwriting under weather insurance policy.
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