IRDAI proposes 0% commission on new vehicle third-party insurance
Inc42 reports that the proposal also includes a 5% commission cap on own-damage policies. Insurance commissions crossed ₹1.08 lakh crore in FY25.
TLDR
Inc42 reports that IRDAI’s proposed caps include 0% commission on new vehicle third-party insurance and 5% on own-damage policies. Distributor payouts rose 125% from FY23 to FY25, while new business premiums grew 28%. Inc42 also reports that Policybazaar’s stock fell 35.98% and Turtlemint hit its 20% lower circuit.
Combined views
892
1 Source, first seen 6h ago
