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Insurance brokers oppose new reforms as commission cuts may lead to job losses
Source: Hindu BusinessLine · 1 hr ago
Summary
Insurance brokers are objecting to the IRDAI’s plan to cap commissions, saying it will cut revenues and cause many job losses in the insurance distribution sector. They have asked for the feedback deadline to be extended, arguing the proposed changes are unprecedented and could hurt both workers and policyholders without guaranteeing lower prices.
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The association also questioned whether the proposed measures would enhance policyholder choice and freedom
Excerpt from Hindu BusinessLine.
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