Caution List of Service Providers (Outsourcing Entities)

Insurance Regulatory and Development Authority of India

Public Notice

Date: 24-05-2016

Ref: IRDAI/LIFE/PNTC/MISC/103/05/2016

In pursuance to the Final Order No. IRDA/LIFE/ORD/MISC/267/12/2014 dated 1st December, 2014 in the matter of Future Generali India Life Insurance Co. Ltd., while conducting an audit by an independent Chartered Accountant firm (Verma Mehta & Associates, Mumbai) into the outsourcing arrangements and the structure/shareholding pattern/composition and existence of all the outsourced entities, it was reported that the following 24 entities were not traceable for physical visit and investigation/audit.

On examining the whole matter, the Authority hereby publishes the list of 24 entities and advises all the Insurers to exercise caution and additional due diligence in confirming and validating the existence of these entities.

The details of 24 entities are given below:

Sl. No.DescriptionName/ Address 1Name/   Address 2Name/ Address 3Town/     CityStatePostal Code
1Aadhar EnterprisesA-2Nd, 33,Rail Vihar Colony,Aashiyana,LucknowUttar Pradesh226013
2Apex Financial ServicesGarha Road,Behiend Hotel Kings,JalandharPunjab144001
3A-One Financial ServicesBhawani Nagar,Talab Tillo,JammuJammu & Kashmir180001
4Archers Marketing & Brand SolutionsMm-257,Sector-D,Aliganj,LucknowUttar Pradesh226024
5Apex Management SolutionsRenu Prestige,Near Walawalkar Hospiral,Main Road,Shivaji Udyamnagar,KolhapurMaharashtra416008
6EQIFACS2,5Th Street,Guru Swamy Nagar,Anakaputhur,ChennaiTamil Nadu600070
7Guru Bio-techDahisar Apartment,C.S.Road,Dahisar (E)MumbaiMaharashtra400068
8Harvic Management Services India Ltd.A/29, Nandham Industrial EstatMarol Maroshi Road,Andheri (E)MumbaiMaharashtra400059
9I One SolutionsFlat No.101,Siri Towers Kalyan Nagar,HyderabadAndhra Pradesh500018
10Jangla Impex Private LimitedA-29,Nand-Dham Industrial Estate,Marol Maroshi Road,Andheri (E)MumbaiMaharashtra400059
11Kunal Air CoolH-43, Sidharath Nagar Zopadpati Sangh,R.B.Kadam Marg,Bhatwadi,Ghatkopar (W)MumbaiMaharashtra400084
12MSK Marketing ResourceH-91 ‘A’ C-Block,Tnhb,Alagapuram Housing Unit,SalemTamil Nadu636007
13Phoenix ConsultancyB-4 Brameshwar Residency,Near Ubha Maruti Chowk,Shivaji Peth,Plot No.1764/3/4,KolhapurMaharashtra416012
14Prarabdh Solutions Pvt Ltd1106,Building No.5,Sapphire Height,Lokhandala Com,Kandivali (E),MumbaiMaharashtra400101
15Reach Enterprises India Pvt LtdHo 3-6-365 Flat No 307,5Th Floor Liberty PlazaHimayath Nagar HyderabadHyderabadAndhra Pradesh500029
16Real & Royal Multi Services66/40/10,, NilKalibari Road,, Purbachal,Nabanagar, North 24 ParganasKolkataWest Bengal743136
17Saturn Insurance Solutions Pvt LtdA-34Upkar ApmntsMayur Vihar-1DelhiDelhi110091
18Shankar SinghBaluram Ki GaliJaipur RoadSikarRajesthanRajesthan332001
19Sandhya EntertainmentVill-Nonaganj,P.O-Bhaganghat,Nadia Operation Off.94,Baruipara Lane,KolkataWest Bengal700035
20Star Manpower Services3D Floor,Rose Cottage,14Th Cross,Aroyakaniyam,2Nd Main Road,Annasandra PalyaBangaloreKarnataka560017
21Sina Pharma Pvt LtdKrutya Kuyir,A7/315,Aya Nagar Extension,Phase-V,Aya Nagar,New DelhiDelhi110047
22Tripace Marketing Services Pvt LtdB-210, North-Ex Mall,Sector -9,RohiniNew DelhiDelhi110085
23VishwasujaMahindra & Mahindra Showroom,S R Nagar,HyderabadAndhra Pradesh500038
24Y Se-Commerce Pvt.Ltd.Add-306Bussa Udyog BhavanT.J. Road Sewri (W)MumbaiMaharashtra400015
(Nilesh Sathe)
Member (Life)
 Place: Hyderabad
Date: 20th May, 2016

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