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The IRDAI is reportedly considering reintroducing product-level caps on commissions for insurance intermediaries, a mechanism previously set aside in April 2023.
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India
Who
Insurance Regulatory and Development Authority of India (IRDAI), HDFC Life, ICICI Prudential Life, Aditya Birla Sun Life, LIC
What
The IRDAI is reportedly considering reintroducing product-level caps on commissions for insurance intermediaries, a mechanism previously set aside in April 2023.
When
Sat, 13 Jun 2026 01:42:52 GMT · 3h 0m ago
Where
India ·
Why
This consideration comes as the total commission outlay in the life insurance sector rose 18% year-on-year against a premium growth of only 6.73%, and mis-selling has been recognized as a rising concern.
The Frontline Impact
How this affects you
Reintroducing commission caps could undermine the economic viability of insurance agents, particularly in underserved tier 2 and tier 3 cities, potentially hindering India's 'Insurance for All' vision by reducing last-mile engagement and increasing exits from crucial geographies. This also affects employment generation for the large intermediary workforce.
Story chain
2 events in this thread- Markets3h 0m agoThe Insurance Regulatory and Development Authority of India (IRDAI) is considering reintroducing product-level caps on commissions for insurance intermediaries, a mechanism discontinued in April 2023.Open article
- Currently Reading3h 0m agoThe IRDAI is reportedly considering reintroducing product-level caps on commissions for insurance intermediaries, a mechanism previously set aside in April 2023.