IRDAI warns insurance firms against commission payouts, urges them take corrective actions to reduce premiums | Mint
Source: Live Mint The Insurance Regulatory and Development Authority of India (IRDAI) has warned general and health insurance companies against rising commission payouts, which have led to higher premiums for insurance holders, reported CNBC-TV 18, citing sources on Tuesday. The regulator has also urged firms to contain commissions to avoid strict actions in the future….