IRDAI proposals could slash broker revenues by 70%, lead to 10 lakh job losses: IBAI
· rediff.com
The Insurance Brokers Association of India (IBAI) has warned that the IRDAI's proposed overhaul of insurance distribution practices could lead to a 70 per cent fall in revenues for intermediaries and result in 10 lakh job losses, citing concerns over the tight feedback deadline and the global uniqueness of the proposed architecture.
The Insurance Brokers Association of India has issued a stark warning that the IRDAI's proposed overhaul of insurance distribution practices could decimate inte...