IRDAI's Proposed Commission Cuts May Push Up to 40% of LIC Agents Out of Business, Experts Warn, ETBFSI

Industry veterans express concerns over the IRDAI's proposed overhaul of insurance commissions, predicting significant attrition among LIC agents and challenging recruitment efforts, with potential impacts on insurance penetration.

The Insurance Regulatory and Development Authority of India's (IRDAI) proposed overhaul of insurance commissions and expenses has raised concerns over the long-term viability of the agency distribution model, with industry veterans warning that tight... [7476 chars]