News From Press Life insurers revise commissions tied to persistency to protect margins

Life insurers revise commissions tied to persistency to protect margins

Source: BS Feb 11, 2025

Listed life insurance companies have modified their commission structure based on persistent performance of various distribution channels, and redesigned products to mitigate the impact of the revised surrender value norms. The Insurance Regulatory and Development Authority of India (Irdai) revised the surrender value guidelines effective from October 1, 2024.

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