IRDAI's new rules on commissions give cos flexibility | Economic Times

IRDAI's new rules on commissions give cos flexibility https://ift.tt/vnWmZzX a draft notification earlier this week, the Insurance Regulatory and Development Authority of India (IRDAI) set a 20% commission cap for general insurance companies, down from the 30% to 35% they could charge earlier. The regulator also allowed life insurers whose expenses were under 70% of the allowable limit to set their own commission rates across product segments.