BUSINESSEconomic Times Industry · 2 hours agoLive
Insurance commission: NBFCs seek 5-year transition period to reduce selling fee
Reported by Economic Times Industry, not nibnow. We are not the publisher of this story, only the source is.
No additional analysis available for this story yet.
WHAT HAPPENED
The industry body of NBFCs has told the Insurance Regulatory and Development Authority of India (IRDAI) that the proposed commission caps of 2% for credit life and 5% for credit health insurance would make credit-linked insurance distribution unviable, given distribution costs are about 32% of the premium.
WHAT TO WATCH
- •IRDAI's final decision on the proposed commission caps for credit life and credit health insurance.
- •Potential regulatory adjustments or exemptions granted to NBFCs to address high distribution costs.
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