IRDAI Declares November 2026 Grievance Resolution Month as Insurance Disputes Mount
India's insurance regulator has designated November 2026 as Grievance Resolution Month to address long-pending policyholder complaints. With approximately 2.21 lakh cases awaiting resolution before consumer commissions and courts, and nearly three-quarters pending for over a year, IRDAI is urging insurers to prioritise fair settlements, improve complaint handling and strengthen policyholder
IRDAI’s Proposed Commission Caps: Why Some Banks Face Greater Exposure
IRDAI’s proposed commission caps could reshape the economics of insurance sold through banks. The exposure depends on insurance fee reliance, product mix and distribution costs. Reported bank estimates point to pressure, but final rules, implementation arrangements and the actual effect on customers still require confirmation.
The Human Cost of IRDAI’s Commission Curbs: Could up to 40% of LIC Agents Walk Away?
For decades, the friendly neighbourhood LIC agent has been the backbone of insurance in India. Long before digital comparison portals and instant policy apps, it was an agent sitting across the living room table—explaining terms over a cup of tea—who convinced millions of families to secure their financial future. Today,
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