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More consumer-friendly insurance? Regulator targets costs, misselling

1 source · first seen 14:27 25 Sept · updated 14:27 25 Sept

The brief

Written from 1 report · check the source before you trade
  • IRDAI proposes lower expense limits and tighter commission caps
  • Proposals also include stronger misselling safeguards and wider disclosures
  • Proposed cost and commission limits could affect Indian insurers and insurance distributors

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Linked by the tag Life insurance

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Part of a developing story92 updates over 6 days

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.

Read the reports

1 report · earliest 14:27
Business StandardMore consumer-friendly insurance? Regulator targets costs, misselling14:27