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Buying new car? Your motor insurance dealer may earn up to 38% commission - what IRDAI's proposed fix means
The brief
- IRDAI is scrutinising high commissions on mandatory motor insurance sold through dealers
- Dealer commissions can reach 38%; the regulator is proposing a fix
- Tighter commission rules could affect insurers and auto dealers, including Indian insurance distributors
- 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