Monday, 28 September 2026Updated 2m ago
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Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI

1 source · first seen 00:49 28 Sept · updated 00:49 28 Sept

The brief

Written from 1 report · check the source before you trade
  • IRDAI Chairman Ajay Seth said excessive upfront commissions are driving insurance mis-selling
  • He said cost-efficiency benefits should be passed on to customers and policyholders
  • Commission changes could affect LIC and listed insurers’ distribution costs and sales

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IRDAI14 todayInsurance19 todayInsurance distribution12 todayLife insurance3 todayLIC₹409.05 · 3 todayAjay Seth3 today

Linked by the tag Ajay Seth

3 stories this week
  1. 28 SeptInsurance mis-selling is arising because upfront commissions are too high: IRDAI chairman Ajay SethPolicy · 1 source · IRDAI chairman Ajay Seth said high upfront commissions contribute to insurance mis-selling
  2. 28 Sept‘Each comment with a rationale will be carefully considered’: Ajay Seth1 source
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Part of a developing story92 updates over 5 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.

Monday, 28 September

  1. PB Fintech shares: Macquarie target on battered stock hints at 67% upside
  2. PB Fintech Faces 38% FY30 Profit Hit Under 'Max Pain' Scenario; Bernstein Still Sees 91% Upside
  3. 3 sources
    PB Fintech share price can rise 91%, Bernstein projects in its bullish call; Here's why
  4. You are here
    Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI

Sunday, 27 September

  1. 2 sources
    Irdai’s distribution overhaul: Will it make insurance cheaper, curb mis-selling?
  2. Will your insurance premium get cheaper? Here’s what IRDAI’s proposed reforms could change
  3. IRDAI’s proposed reforms will push adoption, make insurance buying more consumer-friendly, says chairman Ajay Seth

See all 92 updates →

Read the reports

1 report · earliest 00:49
Economic TimesInsurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI00:49