Commission caps gone, insurers to face more competition

The Indian insurance regulator's decision to abolish commission caps has led to increased competition among insurers to attract market share, particularly unlisted players who are offering higher commissions to bank. While it is hoped that there will be more transparency in payouts to distributors, it is unclear whether insurers will alter payouts significantly in pursuit of rapid growth or stick to profitability.

from Banking/Finance-Industry-Economic Times https://ift.tt/C3UvxGe