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VEHICLE INSURANCE

IRDAI broker pushback on motor insurance

IBAI says proposed commission changes could affect motor-policy servicing and access in smaller towns.

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WHAT CHANGED

Commission reset stays proposed

25 OCT

The consultation remains open for public comments until 25 October 2026.

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THE NUMBERS

Commission grew faster

IRDAI says motor commission rose 259% from FY23 to FY25, against 34% premium growth.

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WHO IS AFFECTED

Servicing reach is the worry

IBAI warns that lower payouts could make renewals and claims support harder outside major cities.

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What owners can check

Compare coverage, itemised pricing and the service route while the consultation continues.

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Get the full breakdown

Sources, numbers and what to watch next.

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Read: IRDAI motor insurance commission plan: brokers warn of servicing risks