IRDAI’s commission crackdown: Why insurers may cope but distributors face a tougher test

Transformations are on the horizon for India's insurance industry, with new proposals from the Insurance Regulatory and Development Authority of India aiming to streamline product distribution and limit commissions. These changes could lead to lower insurance premiums, but distributors heavily reliant on commissions might struggle. Insurers like SBI Life, known for their efficient low commission rates, may adapt more easily.