IRDAI May Introduce Insurance Commission Caps From January 2027

India's IRDAI is weighing January 1 or April 1, 2027 to roll out its insurance distribution reforms, with commission caps likely taking effect before phased cuts to insurers' expense limits. The Insurance Brokers Association of India warns of a 60–70% revenue hit and up to 10 lakh job losses. Feedback is open until October 25.

• IRDAI weighs January 1 or April 1, 2027 as implementation dates
• PB Fintech and Turtlemint shares fell 47% since the September 23 proposal
• IBAI warns of 60–70% revenue drop and up to 10 lakh job losses
• Stakeholder feedback is open until October 25 before draft rules