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via economictimes.indiatimes.comPolitics

Insurance commission: NBFCs seek 5-year transition period to reduce selling fee

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

The industry body of NBFCs has told the Insurance Regulatory and Development Authority of India (IRDAI) that the proposed commission caps of 2% for credit life and 5% for credit health insurance would make credit-linked insurance distribution unviable, given distribution costs…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralProposed commission caps could make credit-linked insurance distribution unviable for NBFCs, a regulatory issue relevant to the sector.AI-generated summary

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