Why aligning incentives a better alternative to capping insurance commissions
· livemint.com
India scrapped insurance commission caps in 2023, but calls to revive them are growing. Evidence suggests transparency, staggered payouts and disclosure—not caps—are more effective at curbing mis-selling.
Caps circumvented
Between 2018 and 2022, while the old caps were firmly in force, tax investigators uncovered what they described as a systemic practice of ins...