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IRDA issues show-cause notice to LIC

The country's largest insurer has sought a month's time to respond to the show-cause notice

January 14, 2014 1:37 IST | India Infoline News Service
The Insurance Regulatory and Development Authority (IRDA) has issued a show-cause notice to Life Insurance Corporation of India (LIC) for allegedly misleading the public through advertisement.

The IRDA has questioned the relevance of certain LIC advertisements that had the catch line -- 'last time to buy your favourite product'.

The country's largest insurer has sought a month's time to respond to the show-cause notice.

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