VERIFIEDET Finance·28 Sept 2026neutral

Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI

AI Summary

·Ajay Seth, Chairman of IRDAI, stated that upfront commissions are too high, leading to insurance mis-selling.
·He emphasized that cost efficiencies should benefit customers through lower premiums or better returns on savings products.
·Seth indicated that the goal is to ensure policyholders receive better outcomes from insurance products.