IRDAI insurance commission curbs: Why the industry is facing a reckoning

The IRDAI's move to tighten commission caps in India's insurance sector has sparked considerable attention. Despite previous regulatory attempts, gaps in the system have allowed questionable practices to thrive amongst distributors. The latest adjustments aim for enhanced transparency and robust consumer safeguards. Consequently, the sustainability and credibility of the insurance industry are now being critically assessed by stakeholders.