IRDAI rejects glide path for commission caps, supports blended commissions

The IRDAI chairman announced that the regulator will not implement a glide path for commission caps in insurance. The regulator is open to blended commissions and aims to promote insurance as a product to be bought rather than sold. Additionally, outcome-linked remuneration may become more detailed once the Public Insurance Registry monitors persistency, complaints, and mis-selling.

Originally published by gnews