Is IRDA trying to solve a wrong problem? Recently, I read excerpts of a speech from an IRDA member at a summit organized by CII in an article. I will copy a portion of the article below. //////////////////////////////////////////////////////////////////////////////////////// India is one of the lowest commission paying countries in the world, said Nilesh Sathe, Member … [Read more...] about The Bizarre Commission logic by IRDA
I have never really admired IRDA as a regulator. They are always behind the curve. The insurers take very convenient view of the regulations much to the harassment of policyholders. Mis-selling is rampant. Still, IRDA is silent. It may be due to incompetence or indifference of those sitting at the helm or simply the result of powerful lobbying. Not my job to comment. To the … [Read more...] about How much does your Insurance Agent make through Commissions?