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 ...

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

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 ...

Flexibility in a life insurance policy is a great benefit for customers. It’s a big reason why the wide range of universal life products have been so popular. Drew Gurley However, flexibility in ...

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

The total commission outgo rose 18 percent year-on-year in 2024–25, significantly outpacing the 6.73 percent growth recorded ...

The Quality of Advice Review has stated there are benefits of retaining commission for life insurance but admits it could result in lower-quality advice for consumers. There were currently a number of ...

Life/risk advisers should not be viewed in the same manner as those providing investment advice and can’t simply replace commission revenue with fee revenue in the same way investment advisers managed ...