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EOM
Outgoing IRDAI Chief has hits to his credit, perhaps misses, tooChange in EoM Guidelines: Under his stewardship, IRDAI introduced the Expenses of Management (EoM) regulations at a time when the industry ...11 Mar, 2025, 06.06 AM IST- Insurers in breach of guidelines on management expenses face curbsThe regulatory crackdown follows a sharp rise in commission expenses after the removal of product-specific commission caps in April 2023. L...07 Jan, 2025, 06.34 AM IST
- Insurers report rise in commission expensesIn FY24, commission expenses for life insurers increased by 22% and doubled for general insurers after IRDAI removed caps on commission pay...24 Dec, 2024, 11.47 PM IST
- Maldives' ruling coalition deployed anti-India sentiments during 2023 presidential polls: EU reportThe ruling coalition of Progressive Party of Maldives (PPM) and the People's National Congress (PNC) used anti-India sentiments and spread ...10 Jan, 2024, 04.35 PM IST
- ET Explainer: An act of commission?New regulations permit insurance companies to determine commissions based on board-approved policies, but they must not exceed overall expe...13 Nov, 2023, 06.33 AM IST
- ET Explains: Why banks & agents prefer selling traditional savings insurance products over term insuranceBanks and insurance agents often favour endowment policies over term policies because endowment plans offer them higher commissions. These ...31 Oct, 2023, 03.27 PM IST
- Free to raise commissions, insurers push annuity plansThe insurance regulator has granted insurers the flexibility to determine commissions across their product range, allowing them to offer hi...10 Oct, 2023, 12.22 AM IST
- General insurers face tough choice on pushing growth and sustaining marginsIn the fiscal year 2023, the combined ratio - an indicator of profitability, which is calculated by measuring the sum of incurred losses an...03 Jul, 2023, 06.32 AM IST
- ICICI Lombard on track to meet 102% combined ratio: CEOICICI Lombard General Insurance aims to achieve a target combined ratio of 102%. CEO Bhargav Dasgupta stated that this was achievable given...03 May, 2023, 08.06 AM IST
- Irdai to insurers: Cut costs, pass on gains to customersThe Insurance Regulatory and Development Authority of India (Irdai), in its latest published guidelines, has directed insurance companies t...06 Apr, 2023, 07.19 AM IST
- IRDAI's new rules for commission payouts may lead to better pricingWhile the Payment of Commission Regulations, 2023, removes previous caps on payments, the Expenses of Management (EOM) Regulations, 2023, a...29 Mar, 2023, 12.32 AM IST
- Audit Report holds more than you may think; reading that may have saved you from a crisis building up in stocksInvestors often ignore reading the audit report. Apart from the Opinion paragraph, the following are some important paragraphs from an Audi...05 Feb, 2023, 12.07 PM IST
- Now, know how your insurance agent is being paid for policy sold to youWhen a policy is sold to you, an insurance agent earns a commission. Also, there are promised rewards that are paid over the commissions fo...21 Oct, 2019, 11.01 AM IST
- Insurers breach expense limit, seek tweak in normsAs of now, the expense caps are described according to product categories and the number of years a company has been in operations.08 May, 2019, 07.46 AM IST
- Continuation of ‘Krishonnati Yojana’ approvedThe Cabinet Committee on Economic Af-EOM fairs (CCEA) approved the scheme as part of its objective to double farmers' income by 2022.03 May, 2018, 07.14 AM IST
- IRDAI warns Sahara India Life Insurance on non-complianceIRDAI has warned Sahara India Life Insurance Co for non-compliance of 'Expenses of Management' (EoM) norms, and asked it to bring the expen...31 May, 2016, 09.51 PM IST
- EU observer team to monitor Sri Lanka parliamentary pollsLankan parliamentary polls will be monitored by a EU team that will keep an eye on the transparency and inclusivity of the electoral proces...15 Jul, 2015, 03.01 PM IST
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