RBI Grade BNABARD ESISEBI
- IRDAI proposed lower Expense of Management (EoM) limits and product- and channel-specific commission caps for insurance distributors.
- Separate limits are proposed for individual and corporate distributors, with higher limits for individuals.
- Proposed commission caps include 30% for term insurance and 20% for health insurance for individual distributors.
- The changes may lead banks to reassess the insurance products they sell through their branches.
