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IRDAI Announces New Commission Guidelines for Brokers in Group Health and Personal Accident Insurance
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IRDAI Announces New Commission Guidelines for Brokers in Group Health and Personal Accident Insurance
The Insurance Regulatory and Development Authority of India has announced principle-based commission rules that directly affect brokers handling group health and group personal accident portfolios. The shift to a board-approved remuneration policy, anchored to Expense of Management thresholds, changes how commissions for group personal accident and wider personal accident insurance are negotiated, paid and disclosed. For employers, associations …
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