Coverfox MD Challenges IRDAI Commission Cap

Coverfox founder Sanjib Jha has written to IRDAI opposing a proposed 2% remuneration cap on loan-linked protection products, warning it could make rural distribution unviable. The Insurance Brokers Association of India, representing 798 brokers, also warns of job losses. IRDAI's consultation paper, open for comment until October 25, has already erased market value at PB Fintech and Turtlemint.