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Policy▼ Bearish for Indian equities
Big insurers, bigger advantage? Smaller players flag Irdai’s new expense caps
The brief
- Smaller insurers worry proposed distribution reforms may favour larger players
- Potential distribution-cost changes expose Indian life and health insurers to competitive pressure
- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI
- LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member
- Insurance reforms aim to cut costs, widen access: IRDAI chairman Ajay Seth
- Insurers seek phased rollout of commission reforms, scale-based EoM caps
- IRDAI’s insurance distribution reforms: What changes for insurers, brokers, customers