Bajaj Allianz Life Insurance Directed to Pay ₹121-Crore Default by EPFO

Mumbai: In a significant development, the Employees' Provident Fund Organisation (EPFO) has instructed Bajaj Allianz Life Insurance to pay a whopping ₹121-croke default amount. As per sources, the company had failed to meet its financial obligations towards the pension fund, which is a regulatory requirement.

This directive comes as a wake-up call for Bajaj Allianz Life Insurance, emphasizing the importance of adhering to compliance and maintaining transparency in its financial dealings.

The EPFO's decision may impact Bajaj Allianz Life Insurance's reputation and financial stability. We will keep a close eye on this development and provide live updates as more information becomes available.

Stay tuned for further updates on this story.