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Policy● Neutral for Indian equities
Insurance commission cuts: Will lower payouts make policies cheaper—or simply hurt distributors?
The brief
- IRDAI’s proposed commission caps could significantly reduce payouts to agents, brokers and other distributors
- Lower distributor payouts could affect Indian insurers and insurance agents and brokers
- 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.
Sunday, 27 September
- Insurance commission cuts: Will lower payouts make policies cheaper—or simply hurt distributors?