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Insurance regulator IRDAI plans overhaul of commission rules to curb mis-selling, sources say
India's insurance regulator is set to overhaul distributor commissions, proposing payments spread over a policy's life to curb mis-selling and reduce high distribution costs. This move aligns India with global practices and aims to ensure customer suitability over sales volume. A draft framework is expected soon, potentially impacting how agents are compensated for their services.
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economictimes.indiatimes.com
Insurance regulator IRDAI plans overhaul of commission rules to curb mis-selling, sources say
India's insurance regulator is set to overhaul distributor commissions, proposing payments spread over a policy's life to curb mis-selling and reduce high distribution costs. This…
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newsbytesapp.com
IRDAI weighs commission overhaul to curb insurance mis-selling
India's insurance regulator IRDAI plans to revamp commission structures, proposing payouts over a policy's lifespan instead of upfront payments to address mis-selling concerns.