The Insurance Regulatory and Development Authority of India (IRDAI) has intensified its oversight of the insurance sector by issuing a pivotal circular aimed at curbing excessive commissions. This regulatory shift impacts all licensed insurers and is poised to transform industry practices.
On January 21, 2026, the IRDAI released Circular No. 2026/01, mandating that insurers disclose their commission structures with full transparency. These guidelines impose a cap on commissions relative to the premiums collected, a move designed to bolster consumer protection and ensure market integrity.
