IRDAI’s Big Insurance Reform Explained | Lower Costs, Less Mis-Selling & More Customer Choice?

Описание: IRDAI has released a major consultation paper on insurance distribution reforms, and this could change the way insurance is sold in India.

In this video, I’ve explained the most important points in simple language — without going through all 80 pages.

We’ll look at why IRDAI is focusing on high distribution costs, commissions, mis-selling, loan-linked insurance, motor insurance, transparency, Bima Sugam, Public Insurance Registry (PIR), and customer choice.

The main questions are simple:
Can insurance become cheaper for customers?
Can mis-selling reduce?
Can customers get better choice and more transparency?
And can these reforms improve trust in the insurance sector?

I’ve also explained the proposed changes in the Expense of Management framework, commission structure, digital insurance distribution, motor insurance, and how IRDAI is trying to make the overall system more customer-friendly.

Important: This is based on an IRDAI consultation paper. These are proposed reforms and should not be treated as final regulations.
If you have ever faced issues while buying insurance, taking insurance with a loan, or during a claim, share your experience in the comments. Your feedback can help others understand what really happens on the ground.

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