{
  "id": 9542126,
  "title": "Explained: IRDAI's proposal that rattled the stocks",
  "url": "https://urgent.news/2026/09/24/explained-irdais-proposal-that-rattled-the-stocks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T10:44:10.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/banking/finance/insure/irdai-proposals-on-insurance-commission-leads-to-bloodbath-for-insurer-stocks-pb-fintech-max-life-sbi-life-what-happens-to-your-money/articleshow/134457957.cms"
  },
  "original_language": "en",
  "account": "The Insurance Regulatory and Development Authority of India (IRDAI) has suggested tighter limits on commissions paid to banks, brokers and agents for selling insurance, along with restrictions on digital practices that may push customers towards purchasing a policy. The primary aim of these proposals is to reduce the cost of distributing insurance and curb instances of mis-selling. However, the impact on customers' premiums will depend on how insurers react to these changes.\n\nThese proposals have already caused some uncertainty in the market. Shares of insurance distributors and companies with significant insurance income dropped significantly on Thursday as investors considered the potential impact on distribution earnings. Notable declines included PB Fintech (Policybazaar) down 33.27% to Rs 1,258.80, Turtlemint falling 19.99% to Rs 109.10, Max Financial Services declining 9.71% to Rs 1,411.20, HDFC Life falling 4.96% to Rs 533.65, and ICICI Prudential Life ending 3.44% lower at Rs 467.85. SBI Life experienced a minor drop of 0.09% at Rs 1,758.50.\n\nIt is important to note that these suggestions are not final rules. IRDAI has presented them as a consultation paper, seeking feedback from insurers, distributors, and other stakeholders until October 25. The framework may change based on the input received.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}