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Policy▼ Bearish for Indian equities
IRDAI proposes phased expense cuts, commission caps and ban on loan-linked insurance bundling
The brief
- Proposals include phased cuts to insurers’ expense limits and new commission caps
- Compulsory bundling of insurance with loans would be banned
- Lower distribution income could pressure insurers, brokers and lenders, especially smaller insurers
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- 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
Wednesday, 23 September
- IRDAI proposes phased expense cuts, commission caps and ban on loan-linked insurance bundling