Comments
IRDAI has asked insurers to ensure transparency in payment of rewards to insurers.
“It is observed that the board approved policy for the payment of rewards to insurance agents and intermediaries lacks transparency,” TL Alamelu, Member - Distribution, IRDAI, said in a circular sent to all insurers.
The policy of rewards should specify a specific portion or rewards reasonably allotted to commission/remuneration to the individual insurance agents and intermediates subject to an overall limit in a consistent manner, she added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.