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VEHICLE INSURANCE

IRDAI motor reforms may start in 2027

The regulator is considering a new distribution framework, but no motor-insurance rule has been finalised.

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TIMELINE

Possible early start under review

EARLY 2027

The regulator has indicated an early-2027 window, subject to consultation and final notification.

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MOTOR COVER

Third-party commission could reach zero

0%

That is the proposed cap for distribution entities on specified new-vehicle third-party cover.

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FEEDBACK WINDOW

Comments stay open through October

25 Oct 2026

The final framework can change after feedback and a further draft.

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What vehicle buyers should track

Compare the policy breakup and wait for the notified rules before assuming any price impact.

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Get the full breakdown

Sources, numbers and what to watch next.

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Read: IRDAI motor insurance reform: possible 2027 start and buyer checks