INSURANCE RULES
A proposal on distributor commissions has opened a question about policies already on the books.
WHAT CHANGED
IRDAI released a two-part consultation paper on insurance distribution economics.
MOTOR COVER
The draft proposes nil commission for distribution entities on this category.
RENEWAL QUESTION
Distributors are seeking to know whether future renewals of existing policies are included.
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The proposal is not a final rule; current policy terms and applicable rules still matter.
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Sources, numbers and what to watch next.
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