PolicyMediaNamaabout 1 hour ago
IRDAI Proposes Insurance Distribution Overhaul
8 min read
India's IRDAI released a two-part consultation paper proposing a regulator-owned Public Insurance Registry and Bima Sugam marketplace, plus a return of commission caps removed in 2023. Comments are due 25 October 2026. The plan consolidates distributors into three categories, mandates cost audits, and requires direct premium payments via UPI, reshaping how insurance is sold digitally.
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