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The Economic Times

Economy / The Economic Times

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Insurance brokers oppose IRDAI commission caps, warn of 60-70% revenue hit

Insurance brokers in India are opposing commission cap proposals from the Insurance Regulatory and Development Authority of India. They warn that these changes could reduce their revenue significantly and threaten many jobs. The Insurance Brokers Association of India seeks more time to provide feedback and opposes hard caps without proper assessments. Proposed changes aim to lower distribution costs and improve policyholder value, according to the regulator.

6 Oct 2026 4:23 pm