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Our Bureau

Hyderabad , Dec. 12

THE Insurance Regulatory and Development Authority (IRDA) has suspended the insurance distribution activities of Golden Multi Services Club Ltd (GMSCL) and its associate companies on the grounds of mis-selling of insurance products.

In an order issued on Thursday, the IRDA Chairman, Mr C.S. Rao, said the authority had received complaints from the public from different parts of the country about mis-selling of insurance products by GMSCL and its associates — Golden Trust Financial Services, Golden Multi Services Pvt Ltd, Golden Corporate Services and Golden Trust Multi Services.

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