MOTOR INSURANCE
A consultation could change how mandatory third-party insurance is sold, but the draft is not final.
WHAT CHANGED
The proposed ceiling for distribution entities on mandatory motor third-party cover.
THE OTHER CAP
The consultation proposes this limit for agents and associates on the same cover.
WHY IT MATTERS
IRDAI’s FY2024-25 motor-insurance analysis reported this average, with rates ranging from 13% to 50%.
WHAT HAPPENS NEXT
The commission grids, disclosures and bundling safeguards can still change before final rules.
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See the buyer checks, proposed safeguards and what remains unchanged today.
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Sources, numbers and what to watch next.
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