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Policy● Neutral for Indian equities
All existing insurance plans will have to be modified if IRDAI reforms take effect: Nilesh Sathe
The brief
- Proposed reforms may require insurers to modify existing plans, affecting product pricing and costs
- Life insurers may incur costs and need to rework products if reforms take effect
- SBI Life Or LIC? JPMorgan Bets On Low-Cost Insurers Amid IRDAI's Distribution Reset: Top Picks
- LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member
- Life insurance nominee or legal heir: Who gets the money after death?
- What Policybazaar’s Rs 34,000 crore wipeout reveals about the ills of insurance
- About Life Insurance Corporation Of India (LIFI.BO)
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
- All existing insurance plans will have to be modified if IRDAI reforms take effect: Nilesh Sathe