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IRDAI COMMISSION RULES
Insurance regulator IRDAI plans overhaul of commission rules to curb mis-selling, sources sayIndia's insurance regulator is set to overhaul distributor commissions, proposing payments spread over a policy's life to curb mis-selling ...- Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...
- Health insurance company denies claim over father’s alleged alcohol history; son fights back and wins Rs 6 lakhA software engineer's father's health insurance claim was denied by HDFC ERGO due to an alleged alcohol history. The insurer repudiated the...
- Commission caps to pose existential threat to insurance distributors: Policybazaar’s Yashish DahiyaPolicybazaar faces potential business disruption from IRDAI's proposed commission caps, prompting consideration of an insurance manufacturi...
- Insurer denies Rs 20 lakh life insurance claim over diabetes non-disclosure; woman fights back and wins; here’s whyA Delhi woman's Rs 20 lakh life insurance claim, denied due to alleged non-disclosure of diabetes and kidney diseases, was upheld by the St...
- SBI Life delivers on guidance, targets double-digit protection share in medium termSBI Life Insurance achieved its financial targets for FY26. The company is now prioritizing its protection business and agency channel. It ...
- 58% surges in Insurance Ombudsman cases: 4 reforms to fix the backlog before it breaksThe Insurance Ombudsman serves as a guardian of trust for the industry and has resolved thousands of disputes for policyholders. But a grow...
- IRDAI's commission crackdown: Insurers start work on new agent fee framework under new insurance actThe insurance sector is preparing for shifts in how distributors are paid. New rules empower the regulator to set limits on commissions. In...
- Irdai to crack down on mis-selling as Insurance Bill 2025 tightens normsIndia's insurance regulator is set to enhance oversight on mis-selling through new legal amendments. The Sabka Bima Sabki Raksha (Amendment...
- Life insurers' margins may take a hit on early surrender directiveInsurance companies in Mumbai are adapting to IRDAI's directives on surrender values, anticipating an impact on new business margins. Insur...
- Surrendering insurance policy early may cost you less in futureThe new rules would put insurers in a dilemma - they must either lower sales or lower profits to address premature policy closures. If insu...
- Tax probes against insurers may go on despite IRDAI's new commission normsWhile the GST authority is probing them for fake input tax credit, the tax department is investigating them for alleged tax evasion by viol...
- 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...
- A rejig to make insurance simple"The committee was formed earlier this month and has been given six to eight weeks for a comprehensive review of the 70 or so regulations g...
- IRDAI's new rules on commissions give cos flexibilityIn a draft notification earlier this week, the Insurance Regulatory and Development Authority of India (IRDAI) set a 20% commission cap for...
- Irdai changes key rules for insurersThe regulator has also decided to allow insurance companies to tap fund raising options, like through the debt market, without prior approv...
- IRDAI pulls up Oriental for hiding commissionsOriental has in its response said it will ensure that it will not refer to commissions or payouts by “generic references” in its financial ...
- 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...
- IRDAI member's order amounts to abetting corruption in insurance sector: SATThe tribunal also directed the regulator to entrust the matter to a "competent officer" other than him and pass a fresh order.
- IRDAI tells SBI Life again to refund policyholdersIn 2012, the Insurance Regulatory and Development Authority of India had found SBI Life guilty of violating its rule on paying commission o...
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