BusinessIrdai Plans Insurance Distribution Reforms from January 2027
India's insurance regulator, Irdai, may implement major distribution reforms starting January 1 or April 1, 2027, aiming to reshape insurance sales economics. The reforms include capping commissions paid to brokers and distributors across health, life, property, and casualty insurance to reduce consumer costs. The move follows concerns that earlier liberalization failed to control costs and has caused a sharp selloff in insurer and broker shares.
Business Standard·



