IRDAI Overhauls Commission Rules

India's insurance regulator is planning to reform how distributors are paid to curb mis-selling, sources say. The overhaul of commission rules aims to bring transparency and accountability in the insurance distribution process, which has been plagued by mis-selling and other unethical practices. The move is expected to have a significant impact on the insurance industry, with many companies already embracing digital transformation. The regulator is seeking to reform the commission structure to ensure that distributors are incentivized to sell policies that are in the best interest of the policyholders, rather than just focusing on earning high commissions.