Insurance Regulatory and Development Authority of India Regulations, 2023

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Last updated: 29 March 2023
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This document details the Insurance Regulatory and Development Authority of India (Payment of Commission) Regulations, 2023, which came into effect on 1st April 2023. It outlines updated rules for insurers regarding commission payments to agents and intermediaries, aiming to enhance market responsiveness, facilitate new business models, and improve insurance penetration. The regulations also specify Expense of Management (EOM) limits for life, general, and health insurance products. This is essential reading for insurers, insurance agents, and intermediaries operating in India.

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Submitted by · Posted 29 March 2023 · Other files by FCS Deepak Pratap Singh · Report
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