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Irdai’s distribution overhaul: Will it make insurance cheaper, curb mis-selling?

• IRDAI proposed commission caps, tighter expense limits and stronger safeguards against mis-selling
• Distribution changes may affect insurers and insurance intermediaries’ costs and sales practices

SBI Life Or LIC? JPMorgan Bets On Low-Cost Insurers Amid IRDAI's Distribution Reset: Top Picks

In its analytical assessment, JP Morgan outlined a clear pecking order among listed insurers, placing SBI Life at the top of its preference list, followed by HDFC Life, Max Financial Services, ICICI Lombard, ICICI Prudential Life, and Life Insurance Corporation of India (LIC).

IRDAI commission caps put insurance distributors' renewal income in focus

Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI

• IRDAI Chairman Ajay Seth said excessive upfront commissions are driving insurance mis-selling
• He said cost-efficiency benefits should be passed on to customers and policyholders
• Commission changes could affect LIC and listed insurers’ distribution costs and sales

Insurance mis-selling is arising because upfront commissions are too high: IRDAI chairman Ajay Seth

• IRDAI chairman Ajay Seth said high upfront commissions contribute to insurance mis-selling
• Seth urged insurers to pass lower commissions and operating costs to policyholders through lower premiums or better returns
• Commission and pricing changes may affect insurers and listed insurance distributors

IRDAI faces pushback over proposed caps on insurance distribution costs, impacting fintech and insurer stocks

Containing costs

• IRDAI proposals are expected to help reduce mis-selling
• Proposed measures may affect insurers and insurance distributors operating in India

IRDAI’s proposed distribution reforms can drive a mutual fund-like transformation in insurance, as SEBI did in 2009, says Kamesh Goyal, Go Digit chairman

All isn’t well with India's insurance sector: Irdai's proposals could address what ails it

a16z’s Raghu Raghuram on India’s AI potential; insurance cos navigate new proposal

• a16z’s Raghu Raghuram said India can build frontier AI companies using its talent

LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member

• Dinesh Pant was appointed IRDAI whole-time director, actuary, leaving LIC with two serving managing directors
• The leadership change at LIC matters to investors in India’s largest life insurer

Will your insurance premium get cheaper? Here’s what IRDAI’s proposed reforms could change

• Proposed IRDAI distribution reforms could lower insurers’ operating and distribution costs, putting downward pressure on premiums
• Lower premiums could pressure revenue for listed insurers, while reduced distribution costs may offset the impact

High motor insurance commissions | IRDAI calls for more transparency - Team-BHP

Insurance brokers body to engage IRDAI soon over proposed distribution reforms