IRDAI Removes Individual Caps For Allowable Commission To Be Paid By Insurers
Zee Business Video Team | Updated: March 28, 2023 08:21 PM IST
India's insurance regulator has approved new rules that say both life and non-life insurers, such as general and standalone health insurers, must pay commissions to intermediaries. The regulation, dated March 26, stated that the commission must be decided by the board of the insurer and must be within the allowable expenses of management limit.
