Startup And Fundraising 24 October 2026
IRDAI Reviews LIC Agents' Demands Amid LIAFI Opposition to Distribution Reforms
The Insurance Regulatory and Development Authority of India (IRDAI) announced it will scrutinize the demands of Life Insurance Corporation (LIC) agents after the Life Insurance Agents Federation of India (LIAFI) publicly opposed the regulator's proposed distribution reforms set for an October 25 rollout. The review aims to address agent concerns while balancing the push for broader market access.
The Insurance Regulatory and Development Authority of India (IRDAI) will examine the demands raised by LIC agents following strong opposition from the Life Insurance Agents Federation of India (LIAFI) to upcoming distribution reforms slated for October 25.
- LIAFI's concerns: potential loss of agency autonomy, commission changes, and impact on existing business models.
- IRDAI's response: initiate a detailed review, consult stakeholders, and consider adjustments before finalising the reform timeline.
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