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The Economic Times

Opinion / The Economic Times

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Curb misselling, not agents: Insurance reform needs a scalpel, not a hammer

Indian insurance regulators are rethinking intermediary payment structures to reduce misselling. Proposed reforms aim to lower distribution costs and improve policyholder value. However, these changes could negatively impact individual agents who reach uninsured populations. Banks, which also engage in misselling, may be less affected by the reforms. Sharper tools like clearer disclosures and product simplification are suggested instead.

5 Sep 2026 12:55 am