Insurance

Banks weigh income impact of Irdai's proposed insurance commission caps

Banks are exploring higher policy sales and changes in product mix to offset potential fee income losses, while RBL Bank estimates a 50-60% decline in bancassurance income

Irdai's proposed distribution reforms aim for orderly transition: Ajay Seth

Irdai chief Ajay Seth says distribution reforms aim to improve efficiency without disrupting existing business models; Public Insurance Registry beta is due by January 2028

Co-payments and deductibles in health insurance: Are they right for you?

Both options can lower premiums, but they increase out-of-pocket expenses during claims. Understand how they work before choosing a health insurance policy

GST Council allows employers to claim ITC on group insurance coverage

The GST Council's decision to allow input tax credit on employee group health and life insurance is expected to reduce coverage costs for employers, particularly MSMEs

RBI to firm up views on Irdai's proposed insurance commission overhaul

Governor Sanjay Malhotra says the RBI will submit comments on Irdai's draft commission framework, which proposes product-level caps and lower management expense limits

Irdai distribution overhaul could hit brokers' revenue by 70%: IBAI

Insurance brokers have sought a deeper assessment of Irdai's proposed distribution reforms, warning of a 60-70 per cent revenue impact and around 1 million jobs at risk

Irdai proposal may put 1 million livelihoods at risk: Brokers' body

The brokers' body said proposed commission caps and lower expense limits could hurt employment and competition while reviving unethical business practices

Irdai commission cap plan sparks concern among insurance brokers

Brokers say lower payouts may not necessarily translate into cheaper premiums and could instead squeeze servicing economics, trigger consolidation, and weaken insurance distribution

RBI eases bank share acquisition norms for funds, insurers, pension funds

Eligible investors can seek one-time approval for subsequent acquisitions of up to 10 per cent in a bank, while prior approval remains mandatory for the initial acquisition

Trust, AI, Data & Gen Z; Insurance marketing components

In this session, Rahul Talwar, Chief Marketing Officer, Axis Max Life Insurance, talks about the evolving marketing strategies for the financial services sector & provides career tips to the B-Schools

Insurers must compete on price, not distributor commission: Irdai chief

Irdai Chairman Ajay Seth says proposed insurance distribution reforms are not final and stakeholder feedback will be considered before draft regulations are issued

Twin regulatory moves seek to reshape insurance costs, distribution

PFRDA's NPS Swasthya combines healthcare withdrawals with a super top-up cover, while Irdai proposes tighter commissions and expense limits to curb mis-selling and lower distribution costs

IRDAI’s insurance overhaul: Why insurers, brokers and banks are worried

IRDAI has proposed a major overhaul of insurance distribution, including lower commission caps, tighter expense limits and restrictions on loan-linked insurance bundling.

Insurers seek softer landing on Irdai commission cuts in meet with chief

Ajay Seth meets insurers; industry seeks glide path on commissions, differentiated EoM limits

Banks may rejig insurance sales as Irdai proposes sharp commission cuts

Banks could favour long-term products that offer better commissions, while seeking to offset lower payouts elsewhere through higher volumes

Irdai commission caps may weigh on insurance fee income of banks, NBFCs

Lenders with multiple insurer tie-ups and incentive-led payouts could face a sharper impact, while L&T Finance is seen as the most exposed among NBFCs

Irdai's fee cap proposal rattles distributors; insurance stocks tumble

Irdai's proposed commission caps could hit distributor incomes, with banks and NBFCs facing pressure from lower payouts on insurance products

Irdai's draft distribution norms could put insurance volumes at risk

Proposed commission caps, tighter expense limits and restrictions on loan bundling could disrupt distribution channels and lead to volume declines in the short term

Irdai's proposed distribution reforms may disrupt insurance growth

Proposed commission cuts could trigger broker consolidation and squeeze bancassurance, while tighter expense limits may put additional pressure on smaller insurers