IRDAI plans new rules to curb mis-selling: Sources
Synopsis India's insurance regulator is set to overhaul distributor commissions, proposing payments spread over a policy's life to curb mis-selling and reduce high distribution costs
Synopsis India's insurance regulator is set to overhaul distributor commissions, proposing payments spread over a policy's life to curb mis-selling and reduce high distribution costs. This move aligns India with global practices and aims to ensure customer suitability over sales volume. A draft framework is expected soon, potentially impacting how agents are compensated for their services.
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