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Policy● Neutral for Indian equities
Insurance mis-selling is arising because upfront commissions are too high: IRDAI chairman Ajay Seth
The brief
- IRDAI chairman Ajay Seth said high upfront commissions contribute to insurance mis-selling
- Seth urged insurers to pass lower commissions and operating costs to policyholders through lower premiums or better returns
- Commission and pricing changes may affect insurers and listed insurance distributors