Category: World

IRDAI Proposes Commission Claw-Backs to Deter Insurance Mis-Selling

IRDAI Proposes Commission Claw-Backs to Deter Insurance Mis-Selling

Proposed reforms to insurance distribution regulations in India could impose direct financial penalties on distributors through commission claw-backs while establishing strict individual accountability for sold policies, according to a report by Kotak Institutional Equities. The draft framework, unveiled in a consultation paper issued by the Insurance Regulatory and Development Authority of India (IRDAI), seeks to […]
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