IRDAI plans new rules to curb mis-selling: Sources | TheBriefWire
IRDAI plans new rules to curb mis-selling: Sources
Published 3 July 2026 ยท india
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.
Published: July 3, 2026 โข 1:14 PM IST ยท Updated: July 3, 2026 โข 2:07 PM ISTBy TheBriefWire Editorial Team
Key points
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.