← Top stories
Policy▼ Bearish for Indian equities
IRDAI proposals on insurance’s money machine leads to bloodbath for stocks: What happens to your money
The brief
- Insurance premiums may decrease if IRDAI implements proposed commission changes
- Proposals include limits on commissions
- Lower premiums or commissions may affect insurers and insurance distributors
- 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
- Cashless health insurance claims: What policyholders can do when hospitals and insurers clash over bills, approvals, and deductions
- Insurance mis-selling is arising because upfront commissions are too high: IRDAI chairman Ajay Seth
- After GST exemption, retail policy base rises 11% for Star Health
- Companies offering healthcare benefits see 13% drop in chronic claims, says report
IRDAI's proposed insurance distribution reforms
IRDAI proposed phased cuts to insurers’ expense limits, commission caps and a ban on compulsory insurance bundling with loans. The proposals prompted debate over premiums, mis-selling and distributor payouts, while reports highlighted possible earnings risks for PB Fintech.
Thursday, 24 September
- IRDAI proposals on insurance’s money machine leads to bloodbath for stocks: What happens to your money