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Insurance commission has risen 259% compared with a 34% increase in premiums, raising questions over the economics of India’s insurance distribution network.

IRDAI proposes commission clawbacks for agents involved in mis-selling or incorrect policy sales, putting greater focus on accountability and consumer protection.

IRDAI has proposed a return to commission caps after finding that its earlier approach to commission payments did not achieve the desired outcome.

Life insurance commissions could be capped based on the premium payment term under IRDAI’s proposed distribution reforms.

PB Fintech shares, the parent of Policybazaar, hit the 20% lower circuit at ₹1,508 on Thursday morning after the insurance regulator released a draft paper proposing deep commission cuts across life, health and motor insurance.

PB Fintech shares, the parent of Policybazaar, hit the 15% lower circuit at ₹1,603 on Thursday morning after the insurance regulator released a draft paper proposing deep commission cuts across life, health and motor insurance.

IRDAI says in FY25, OEM brokers and motor insurance service providers (MISPs), the dealers who sell insurance, generated ₹29,000 crore of premium and were paid almost ₹7,050 crore in commission, an average of about 24%

IRDAI seeks stakeholder views on changes aimed at strengthening and streamlining insurance distribution practices.

Ayushman Bharat has expanded healthcare coverage across India, with over 48.51 crore beneficiaries now holding scheme cards.

Life insurance disclosures could provide greater clarity on how insurers handle cases involving autism and cerebral palsy.

Car insurance rules may reward responsible driving while imposing higher costs or penalties on motorists who repeatedly violate traffic rules, according to Gadkari.

Insurance claim fraud can lead to claim rejection, investigations and legal action, highlighting the need for insurers to verify suspicious claims carefully.

IRDAI: The move simplifies dividend repatriation for foreign-owned insurance intermediaries and eases regulatory requirements.

IRDAI’s move aims to streamline enforcement proceedings and enable quicker action over regulatory violations.

Death claim proceedings highlight the insurer’s liability after the rejection of an NRI doctor’s policy claim was challenged.