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Insurance brokers oppose IRDAI's proposed reforms on caps on commissions

Indian insurance brokers are opposing regulatory proposals that include caps on commissions paid to various distributors. The Insurance Regulatory and Development Authority of India introduced these proposals to reduce costs for policyholders. Concerns have been raised about potential job losses and unethical practices following the reforms. The brokers association has requested an audience with government leaders regarding the changes.

6 Oct 2026 2:27 pm