The commission limit for agents of insurance companies can be fixed at 20%, IRDAI presented the proposal
IRDAI’s proposal will apply to the gross premium of general and standalone health insurance companies. The insurance regulator has also set a limit of 30 per cent for Expense of Management (EoM) A limit of 20 percent can be fixed for the commission of agents of insurance companies. Insurance regulator IRDAI has presented this proposal. … Read more