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Policy▼ Bearish for Indian equities
Irdai commission curbs spark sharp selloff in insurers, banks and NBFCs
The brief
- Shares of insurers, banks and NBFCs dropped sharply after IRDAI proposed commission caps
- The proposals raised concerns over lower commission income
- Commission curbs threaten distribution income at insurers, banks and NBFCs
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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 commission curbs spark sharp selloff in insurers, banks and NBFCs