IRDAI’s September 2026 consultation paper on insurance distribution reforms points to a sector where premiums have grown, but coverage has not kept pace with the economy, while distribution costs and commissions have risen. Data show high concentration in the industry, leading to high costs of doing business (CoDB). Moreover, faster growth in distributor remuneration and sales-based commission promotes mis-selling, resulting in weak persistency, providing the case for shifting incentives toward policyholder value.
Published on September 28, 2026
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