Policy● Neutral for Indian equities
IBAI warns Irdai distribution overhaul may put 1 mn livelihoods at risk
The brief
- IBAI warns proposed commission caps and lower expense limits could put 1 mn livelihoods at risk
- The brokers’ body says the changes could hurt competition and revive unethical practices
- Distribution-rule changes could affect Indian insurance brokers and insurers’ sales channels