IRDAI to Release Consultation Paper on Capping Insurance Commissions Next Month
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CNBC TV18•13-01-2026, 17:26
IRDAI to Release Consultation Paper on Capping Insurance Commissions Next Month
- •IRDAI is expected to release a consultation paper on regulating insurance commissions next month.
- •The move follows concerns from the finance ministry, IRDAI, and RBI regarding commissions and costs in the insurance sector.
- •IRDAI may propose a return to segmental commission caps for different insurance categories like motor, health, and life.
- •The regulator is also expected to further rationalize and tighten Expense of Management (EoM) limits, which include commissions.
- •Internal departments within IRDAI are submitting inputs, with the paper's release anticipated soon after.
Why It Matters: IRDAI plans to cap insurance commissions and tighten expense limits, signaling major regulatory changes.
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