29/09/2026
Insurance Selling Could Be Changing!
IRDAI has proposed changes that could impact the commissions and incentives earned by insurance agents, brokers, banks and online platforms.
The proposal includes possible limits on commissions linked to insurance products and distribution channels, along with restrictions on incentives such as gifts, bonuses and foreign trips.
Why does this matter?
Because higher incentives can potentially create conflicts of interest and increase the risk of mis-selling.
The bigger goal?
๐ Moving from "sell more policiesโ to โsell the right policy to the right customer.โ
โ ๏ธ Important: This is an IRDAI proposal, not a final rule.
Do you think these changes could make insurance selling more transparent? ๐