How IRDAI wants to curb insurance commissions, crack down on mis-selling
The regulator has proposed product-wise commission limits, tighter controls on bank and NBFC sales incentives, seller-level tracking of mis-selling and commission clawbacks, as distributor remuneration rose 125% against 28% growth in new business premium between FY23 and FY25.
Key takeaways
- Category: Sector.
Why it matters
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