← Top stories
Policy● Neutral for Indian equities
IRDAI proposes clawing back commissions for mis-sold insurance policies
The brief
- IRDAI proposed **commission claw-backs** when an insurance policy is found to have been mis-sold
- The proposal would link salespersons to policies and reward distributors for sales quality and servicing
- Commission claw-backs could pressure insurance distributors and alter incentives for insurers’ sales channels
- SBI Life Or LIC? JPMorgan Bets On Low-Cost Insurers Amid IRDAI's Distribution Reset: Top Picks
- 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
- All isn’t well with India's insurance sector: Irdai's proposals could address what ails it
- a16z’s Raghu Raghuram on India’s AI potential; insurance cos navigate new proposal
- IRDAI commission caps put insurance distributors' renewal income in focus
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 proposes clawing back commissions for mis-sold insurance policies