Insurers in breach of guidelines on management expenses face curbs
- Posted on January 7, 2025
- By Business News Today
- 4 Views
Insurers in breach of guidelines on management expenses face curbs
The regulatory crackdown follows a sharp rise in commission expenses after the removal of product-specific commission caps in April 2023. Life insurers reported a 22% increase in commission payouts, while general insurers saw their expenses double in FY24, according to the Irdai annual report.
