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Policy● Neutral for Indian equities
IRDAI's insurance reforms need phased rollout, not one-size-fits-all approach: Industry CEOs
The brief
- Insurance CEOs support IRDAI's proposed distribution reforms but want a phased rollout
- Rollout terms may affect insurers’ distribution costs and growth, including listed life and general insurers
- Life insurance savings policies could deliver up to 1% higher returns if IRDAI’s proposed distribution reforms are implemented
- IRDAI’s proposed distribution norms ruffle feathers of LIC agents, broker body
- PB Fintech faces 30% revenue risk from draft IRDAI rules, turns to costs, volumes for relief
- Coverfox founder, brokers raise concerns over IRDAI insurance distribution overhaul
- Bernstein cuts PB Fintech target 53% after shares lose ₹37,000 crore