IRDAI
Latest, updated : IRDAI's consultation paper puts average dealer (MISP) commission on new-vehicle policies at 38%, against 27% for OEM brokers.
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Background
From 8 stories, the newest dated 3 Oct 2026. Summary written 6 Oct 2026.
IRDAI is India's insurance regulator, and its consultation paper on insurance distribution economics covers commission and expense-of-management limits for insurers. [1] source: Financial Express[2] source: NDTV Profit
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The proposals also reach retail, because motor dealers would have to display digital marketplace QR codes and could not deny cashless repairs for policies bought elsewhere. [3] source: Medianama
IRDAI released the draft framework on 23rd September 2026 and invited comments until 25 October 2026. [3] source: Medianama[1] source: Financial Express It proposed cutting general insurers' expense ceiling from 30% to 25% of GDPI in two years and 20% in five. [2] source: NDTV Profit For life insurers it proposed a 12.5% company-level EOM limit over a five-year glide path. [4] source: ET Small Business It proposed health-insurance commission caps of 15% for new policies and 5% for renewals, with implementation possible from April 2027. [5] source: Financial Express For new cars, it proposed nil third-party commission for distribution entities, against an average 38% commission earned by dealer MISPs. [6] source: Mint It also proposed 10-20 percent additional commission headroom for smaller cities, towns and rural areas. [1] source: Financial Express
PB Fintech shares fell 42.9 per cent to ₹1,077, a 52-week low, amid the proposed commission reforms. [7] source: The Hindu BusinessLine PB Fintech said the proposed caps could erase 30% of its revenue. [8] source: Medianama
Sources
Questions about IRDAI
What is the latest on IRDAI in Indian retail?
In September 2026, IRDAI proposed nil third-party commission for distribution entities on new-vehicle policies and a showroom QR code for the Bima Sugam platform, with comments open until October 25, 2026. [6] source: Mint
More stories about IRDAI
Stories that mention IRDAI
5 stories
IRDAI is named in these stories but is not their subject.
- Ather Energy's subsidiary Ather Insurance wins IRDAI registration to distribute life, general and health insurance
- Insurers seek phased commission reforms and scale-based expense caps
- IRDAI’s proposed commission caps put Policybazaar, Turtlemint economics under pressure
- PB Fintech drops 30% as IRDAI proposes tighter insurance commission caps
- IRDAI clears Patanjali and DS Group’s nearly Rs 4,500 crore Magma General Insurance acquisition