RBI has flagged high expense structure, particularly acquisition costs of insurance companies, in its recent report ...

The Department of Financial Services has sought explanations from insurance councils on rising commissions failing to boost ...

In FY25, the gross commission paid to agents and intermediaries stood at approximately 7% of the total premium collected, ...

Speaking to a news channel, M Nagaraju, Secretary, Department of Financial Services, said that the Insurance Regulatory and ...

ASSISTANT Treasurer Josh Frydenberg has taken on board recommendations made by the financial services industry to improve life insurance, a sector the corporate supervisor believes is dogged by bad ...

IRDAI’s move to tighten control over insurance commissions is rooted in hard data that shows a widening gap between ...

Upfront commissions on life insurance policies will be reduced following an agreement between assistant treasurer Kelly O'Dwyer and members of the life insurance industry on Friday. Upfront ...

Major life insurance companies such as Samsung Life Insurance and Mirae Asset Life Insurance were fined over 4.4 billion KRW for engaging in so-called 'unfair policy replacement' sales practices, ...

According to sources, the DFS has written to both life and general insurers through industry councils, seeking detailed ...

The Australian Securities and Investments Commission has signalled it is prepared to wait until after its review of the Life Insurance Framework in 2021 before pressing for the removal of ...