Writ petition illegal termination sbi life insurance

rajesh (Querist) 23 November 2017 This query is : Resolved
Dear Experts, my Livelihood was dependent upon the Insurance Agency of SBI Life Insurance Company. But the company has terminated my agency without issuing show cause notice and IRDA has blacklisted my name in website. As a result, all other insurers have barred me to appoint insurance agent.
Can I name SBI life and IRDA as respondent in Writ Petition in High Court Delhi.

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Guest (Expert) 23 November 2017
Sorting out the issue amicably by sorting out the issue/reason for the termination with concerned Dept would be the pleasant remedy for the long run

Kumar Doab (Expert) 23 November 2017
After updation in IRDA database; Now there is NO scope for any amicable settlement.

Kumar Doab (Expert) 23 November 2017
Do you have copy of agency agreement signed with you?

It does contain narration of delinquencies that can lead to Termination of agency agreement and might have the manner for such act....................e.g in case of mis-selling, fraudulent act...

Have you indulged in any such act!

Relate your matter and respond.

rajesh (Querist) 23 November 2017
Pl reply whether can i file writ against SBI life insurance company, being a private company.

Ms.Usha Kapoor (Expert) 24 November 2017
You can't file a writ against private limited company such as SBI LIfe Insurance company Unless more than 51% .of its shares are held by government OF India.or State govts of different States.

Ms.Usha Kapoor (Expert) 24 November 2017
If you appreciate my above answer you click likes for me.

Dr J C Vashista (Expert) 25 November 2017
Repeated query yesterday, see reply there.

Dr J C Vashista (Expert) 25 November 2017
Ungrateful author is not expected to press the button of "dislike" for the social service (FREE OF COST) rendered by impersonating expert vigorously accumulating "likes" without proper legal advise

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