IRDAI motor insurance commission plan: brokers warn of servicing risks
IBAI has challenged parts of IRDAI’s proposed commission reset, warning that lower payouts could weaken motor-policy servicing…
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In this short
- IRDAI broker pushback on motor insurance — IBAI says proposed commission changes could affect motor-policy servicing and access in smaller towns.
- Commission reset stays proposed — The consultation remains open for public comments until 25 October 2026.
- Commission grew faster — IRDAI says motor commission rose 259% from FY23 to FY25, against 34% premium growth.
- Servicing reach is the worry — IBAI warns that lower payouts could make renewals and claims support harder outside major cities.
- What owners can check — Compare coverage, itemised pricing and the service route while the consultation continues.
- Get the full breakdown — Sources, numbers and what to watch next.