The Insurance Regulatory and Development Authority of India (IRDAI) extends the deadline for public feedback on proposed distribution reforms to October 31. The reforms, set out in a consultation paper, propose changes to existing insurance distribution regulations, including caps on insurance distributors’ commissions and on management expenses.
Outlets report the extension and focus on different elements of the consultation. Business Line emphasises the regulatory substance of the proposals, highlighting the commission and management expense caps. The Hindu leads with the process status, stating that the consultation has received a response so far, including the number of comments submitted, reflecting engagement with the draft proposals. Both frame the update as part of the ongoing consultation process.
