IRDAI takes aim at the commissions behind insurance mis-selling (opens the source in a new tab)
- First-year commissions run as high as 40–50%
- Distributor pay rose 125% while new premiums grew 28%
- A public registry would let buyers check products, insurers and agents before they buy.
- 125%
- distributor pay, FY23–25
- 2027
- new rules may start
Why it matters Cheaper distribution should mean lower premiums, better returns or better claims for buyers.
Other side Insurers may keep the savings, and thinner commissions could shrink the agent reach India still needs.