Irdai provides more flexibility to insurers, eases limits for commissions

The insurers have been told by Irdai that their commission and remuneration payout should be based on a board-approved policy which will be reviewed on a yearly basis. No commission shall be payable to insurance agents or the insurance intermediaries in the direct business, and the insurers must grant discounts on the premium.

from Banking/Finance-Industry-Economic Times https://ift.tt/SZYEcqR