GENERAL30 Sept 2026
Coverfox founder, brokers raise concerns over IRDAI insurance distribution overhaul - CNBC TV18
IRDAI, the insurance regulator, has proposed changes to how insurance is sold, including a 2% cap on commission for loan-linked protection cover. Coverfox founder Sanjib Jha says lower commissions could hurt the networks that reach borrowers. Brokers' body IBAI warns of job losses and slower insurance growth. If you sell or buy such cover, watch for the final rules.
Key Statutory Highlights
- IRDAI has proposed changes to insurance distribution, including a 2% commission cap for loan-linked protection cover.
- Coverfox founder Sanjib Jha has questioned the proposed commission cuts, saying they could harm networks that reach borrowers and customers.
- IBAI has warned that the changes could lead to job losses and slower insurance growth.
Actionable Advice for Taxpayers / Founders:If you sell or buy loan-linked insurance, follow the IRDAI proposal and share your views through your broker or industry body before the rules are finalised. Check with a professional on how any final commission change may affect your income or premium, since the outcome is not yet certain.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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