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Policy● Neutral for Indian equities
Irdai commission cap plan sparks concern among insurance brokers
The brief
- Brokers say lower commissions may not make premiums cheaper
- Brokers warn of squeezed servicing economics, consolidation and weaker service
- Commission changes may pressure insurance distributors and affect servicing across India's insurance sector
- IRDAI plans to cut insurer costs: What changes for commissions, premiums & policyholders?
- Trouble continues: Turtlemint, PB Fintech, other insurance stocks drop up to 38% in 3 days. What are analysts saying?
- Will your insurance premium get cheaper? Here’s what IRDAI’s proposed reforms could change
- Insurance reforms aim to cut costs, widen access: IRDAI chairman Ajay Seth
- Insurance commissions grew up to 6 times faster than premiums: What IRDAI wants to change