The District Consumer Disputes
Redressal Forum, Chennai (South), summoned the Insurance Regulatory Development
Authority (IRDA), the autonomous statutory body that regulates India's
insurance industry, in the case pertaining to a `fraudulent' insurance
policy that a branch manager of Max Life Insurance Company Ltd, in collusion
with an agent, issued to Guindy resident Jagannathan, a retired bank manager.
TIMES
OF INDIA NEWSPAPER
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