VEHICLE INSURANCE
Brokers and automobile dealers want changes and more time to respond to the draft.
WHAT CHANGED
IRDAI’s consultation covers commissions, insurer expenses and safeguards against mis-selling.
THE NUMBER
Reuters reported that the draft proposes a 5% ceiling for own-damage cover commission.
DEADLINE WATCH
The current feedback deadline may be extended, with brokers seeking time until December.
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Compare the actual cover, exclusions, deductibles and claims service—not just the commission model.
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Sources, numbers and what to watch next.
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