IRDAI flags broker costs exceeding 30% of premium, plans tougher disclosures
IRDAI Chairman Ajay Seth said some large insurance brokers have expense structures comparable with insurers. The regulator is preparing distribution reforms, including enhanced disclosures for intermediaries earning over ₹10 crore in annual commission.
IRDAI Chairman Ajay Seth flagged high broker distribution costs and called for greater transparency in commissions, pricing and insurer performance. The regulator is preparing distribution reforms and enhanced disclosures for intermediaries with annual commissions above ₹10 crore.
Why this matters
No related recent IRDAI signals were provided. The planned broker-disclosure reforms create a new regulatory watchpoint for insurance distribution costs and intermediary transparency.
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