MOTOR INSURANCE
Insurers want a phased transition, but the proposal is not a final rule or an immediate premium change.
WHAT CHANGED
A reported meeting with IRDAI included requests for a commission glide path and differentiated expense limits.
THE PROPOSAL
The draft proposes nil commission for distribution entities on specified new-vehicle third-party cover.
MOTOR COVERS
The proposed ceiling for new-vehicle own-damage, personal-accident and legal-liability cover differs by…
WHAT TO CHECK
Current quotes still depend on cover, claims, service, exclusions, taxes and the insurer’s actual pricing.
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The feedback deadline and any transition rule matter more than the draft headline.
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Sources, numbers and what to watch next.
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