The proposed commission caps have pushed PB Fintech to weigh a move into insurance manufacturing, while some insurers need little or no cost cutting to meet the proposed EoM limits.
Regulatory reforms, tax changes and digital distribution are expected to support sustained growth in India’s life insurance market, according to GlobalData.
This is the second time the Indian regulator has issued a business transfer order for SILIC. The first in 2017 was set aside by the Securities Appellate Tribunal.
