IRDAI proposed sweeping insurance distribution reforms, including simpler structures, commission disclosures, and curbs on mis-selling like linking sales to individuals, banning volume incentives, and allowing commission claw-back. It also seeks to prevent forced bundling and expand digital access via Bima Sugam. Comments are open until October 25, 2026.
Business
IRDAI Proposes Sweeping Changes To How Insurance Is Sold
