GENERAL28 Sept 2026
Insurers seek softer landing on Irdai commission cuts in meet with chief
Insurance companies have asked the regulator for a gentler, step-by-step reduction in commissions rather than a sudden cut. They also want different expense limits (EoM) for different insurers. Ajay Seth, the chief, met the industry to discuss this. If you run an insurance business or sell policies, your commission income and costs could change soon. Wait for the final rules before you plan.
Key Statutory Highlights
- Insurance companies met chief Ajay Seth to discuss the regulator's plan to cut commissions.
- The industry asked for a glide path, meaning a gradual reduction in commissions over time rather than a sharp cut.
- Insurers also sought differentiated EoM limits, which means separate expense limits for different companies.
Actionable Advice for Taxpayers / Founders:If you sell insurance or run an agency, review your current commission agreements and keep them in writing. Before changing your payout or pricing plans, wait for the regulator's final order, and consider checking the impact with a CA.
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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