Economy & Policy◆ Mixed
IRDAI insurance reforms: IBAI warns commission caps could hurt policyholders, jobs and growth
IRDAI moved higher.
· Business Today Mkts
The Insurance Brokers Association of India (IBAI) has raised concerns over IRDAI’s proposed insurance distribution reforms, warning that commission caps and lower expense limits could affect policyholders, jobs and insurance growth.
Why it matters
- With IRDAI involved, this carries a regulatory dimension that can outlast the immediate market reaction.