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Policyholders set to benefit as IRDAI proposes 20% cap on first-year commissions, incentives to boost persistency

The insurance regulator has proposed to cap commissions, remuneration and rewards for agents at 20 percent, besides disincentivising policy surrenders in the initial years. Policyholders could benefit in the long run, but some insurers are sceptical. Top 100 Best Sellers… Read More »Policyholders set to benefit as IRDAI proposes 20% cap on first-year commissions, incentives to boost persistency

Policyholders set to benefit as IRDAI proposes 20% cap on first-year commissions, incentives to boost persistency

The insurance regulator has proposed to cap commissions, remuneration and rewards for agents at 20 percent, besides disincentivising policy surrenders in the initial years. Policyholders could benefit in the long run, but some insurers are sceptical. Read More Top 100… Read More »Policyholders set to benefit as IRDAI proposes 20% cap on first-year commissions, incentives to boost persistency

Policyholders set to benefit as IRDAI proposes 20% cap on first-year commissions, incentives to boost persistency

The insurance regulator has proposed to cap commissions, remuneration and rewards for agents at 20 percent, besides disincentivising policy surrenders in the initial years. Policyholders could benefit in the long run, but some insurers are sceptical. Top 100 Best Sellers… Read More »Policyholders set to benefit as IRDAI proposes 20% cap on first-year commissions, incentives to boost persistency

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