Policybazaar, Turtlemint Feel The Squeeze
The Insurance Regulatory and Development Authority of India (IRDAI) proposed commission caps for insurance distributors, impacting firms like Policybazaar and Turtlemint. The caps aim to address rising commissions, which surged 125% from FY23 to FY25, while new business premiums grew only 28%. This could reshape the digital insurance distribution model, with potential changes expected in the coming months.