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- The Insurance Regulatory and Development Authority of India aims to create a more transparent and customer-centric insurance distribution system.
- The proposed regulations include reducing the maximum management expenses for insurance companies, which would likely lead to lower commission payouts for agents and brokers.
- These changes are expected to result in lower premium rates for policyholders and increased transparency regarding costs.
- The initiative also seeks to curb the mis-selling of policies by limiting the influence of commission-driven sales.
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Named India · Insurance Regulatory and Development Authority of India
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