Posted: 24 Sep 2015 04:51 AM PDT
Shri S. Ramchandran former General Manager of Bank of Baroda has written a letter to the Chairman, Insurance Regulatory & Development Authority (IRDA) regarding group medical insurance scheme for bank working and retired employees. The letter points out to many irregularities of the scheme and number of violations of IRDA guidelines. Legality of IBA has also been questioned in the letter.