Irdai

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

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

IndusInd Bank targets 1.3% RoA, but insurance cuts pose earnings risk

Bank targets RoA of 1.25-1.30% over two years, but Jefferies says a 30% reduction in bancassurance fee income could lower profits by around 5%

Irdai commission caps likely to hit jobs, weaken reach, cautions IBAI

Brokers' body says proposed commission caps and lower expense limits could lead to job losses, weaken independent distribution and hurt insurance access in smaller towns.

PB Fintech, Turtlemint Fintech tank up to 43% in 4 days; hit 52-week lows

PB Fintech and Turtlemint Fintech Solutions witnessed heavy selling pressure in recent days after Irdai proposed an overhaul of insurance distribution rules.

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.

Irdai's insurance reforms: What may change for industry, insurers, buyers

Irdai wants insurance prices and product details to be visible without sharing phone or email; its wider reforms could affect insurers, distributors and how customers buy policies

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

Containing costs

Irdai's proposals will help reduce mis-selling

Irdai's proposed commission cuts threaten PB Fintech's online economics

Analysts say PB Fintech's core online insurance revenue could take a nearly 30 per cent hit, though cost optimisation and higher volumes could cushion the impact

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

PB Fintech may explore new business options after Irdai commission cuts

PB Fintech may explore manufacturing insurance products by seeking a licence as it assesses the impact of Irdai's proposed commission cuts on its distribution business

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

Insurance distributors bleed as Irdai proposes sharp commission cuts

PB Fintech plunged 36 per cent and Turtlemint fell 20 per cent as analysts warned proposed commission cuts in health, term and motor insurance could hit earnings

Irdai proposes tighter expense limits, new commission caps for insurers

The regulator proposes phased cuts to insurers' expense limits, new commission caps and a ban on compulsory bundling of insurance with loans to lower costs and curb mis-selling

Irdai eases dividend repatriation rules for foreign-owned intermediaries

The insurance regulator has removed the requirement for prior approval to repatriate dividends by insurance intermediaries with majority foreign ownership

Insurance stocks gain on expectations of lower distributor commissions

Life and general insurance shares gained amid expectations that Irdai could lower commissions paid to distributors, particularly banks, potentially reducing distribution costs.

How senior citizens should protect themselves from insurance misselling

The regulator's action against Canara HSBC Life highlights how elderly buyers can be mis-sold unsuitable insurance products and what safeguards they should follow