The Insurance Regulatory and Development Authority of India (IRDAI) have proposed to set a 20% commission cap for general insurance companies
The Insurance Regulatory and Development Authority of India (IRDAI) have proposed to set a 20% commission cap for general insurance companies. It has also allowed life insurers whose expenses were under 70% of the allowable limit to set their own commission rates across product segments. IRDAI has also deliberated that commission and remuneration payout should…