IRDAI Plans Insurance Distribution Overhaul, Commissions And Mis-Selling Face Tighter Rules
New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has proposed sweeping changes to insurance distribution, targeting high commissions, hidden payouts and mis-selling while seeking to lower costs for policyholders. The proposals are part of IRDAI’s consultation paper, “Recalibrating Economics of Insurance Distribution”, which envisages a simpler three-tier distribution…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
