IRDAI extends distribution reforms feedback timeline to Oct 31
The Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for public feedback on its proposed distribution reforms to October 31. The proposal has faced pushback from insurance agents and brokers concerned about economic sustainability.
Why it matters
Regulatory changes in the insurance sector directly impact the livelihoods of thousands of agents and the cost structure for consumers.
IRDAI extends distribution reforms feedback timeline to Oct 31 left I https://th-i.thgim.com/public/incoming/br63jt/article71621046.ece/alternates/FREE_1200/IRDAIs-proposeGCSGJQA59.3.jpg.jpg Vibha B Madhava Madhava_12403 IRDAI’s proposed reforms irk LIC agents, brokers. The Hindu The consultation process has received an encouraging response, with over 650 comments received thus far. HYDERABAD The Insurance Regulatory and Development Authority of India (IRDAI) has extended the last date for submission of comments on its consultation paper on distribution reforms till October 31. The consultation process has received an encouraging response, with over 650 comments received thus far. In view of the significant interest and to facilitate wider participation, the last date for stakeholders and the public to submit feedback and suggestions is being extended, the regulator said on Saturday.
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