Insurance 2.0: After 100% FDI, distribution costs reset
The timing of the proposed rejig of distribution economics by IRDAI (Insurance Regulatory and Development Authority) is interesting as it came six months after India allowed centum foreign ownership in the sector. IRDAI is re-engineering the financial metrics of distribution — axing expenses of management (EoM) limits, tightening commission and moving towards a more technology-driven…
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