India’s insurance regulator plans an orderly shift to proposed commission caps

Reuters, published by The Economic Times, reports that IRDAI chairman Ajay Seth said the regulator would ensure an orderly transition to proposed insurance sales reforms, with no intention of disrupting insurers or distributors. Distributors and analysts warn the rules could affect established business models and jobs. Seth said the rules could take effect in January or on April 1, 2027, depending on industry feedback.