Online players, agents may have to disclose insurance commission

IRDAI is considering a proposal that seeks to have a single limit for expenses made by insurance companies

Insurance
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Nikunj Ohri New Delhi
Online platforms such as Policybazaar, as well as corporate agents, may have to disclose the commissions they receive from insurance companies for selling their policies. 

The move is aimed at pushing transparency and customer protection. It would also put an end to misselling of products that have high commission or rewards.

Web aggregators may have to come up with a specific section for ‘insurance policyholder protection.’

First Published: Jun 28 2022 | 10:09 PM IST

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