Brokers to seek more time on IRDAI commission cap feedback
In short
Insurance brokers plan to ask IRDAI for more time to send comments on its commission caps. The current deadline is 25 October, and they want it pushed to December at a Friday meeting.
This matters because the feedback could shape the final rules for broker commissions. It is not stated whether IRDAI will agree.
What the reporting says
Insurance brokers are set to seek an extension until December for feedback on IRDAI’s commission caps, with the request expected at a meeting on Friday. The reported deadline for submissions is 25 October, and the request comes from brokers responding to the regulator’s proposed changes. What IRDAI will decide on the extension is not stated in the available reporting.
Why it matters
Insurance brokers are expected to ask IRDAI on Friday for more time to respond to proposed commission caps, with the current feedback deadline reported as 25 October. The request affects brokers directly and could influence how the regulator finalizes the rules. The available reporting does not say whether IRDAI supports the extension or what changes brokers want beyond more time.