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Withdrawal of instructions issued on reporting of payouts to Insurance Agents and Intermediaries: IRDAI

August 7, 2019
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The IRDAI has notified IRDAI (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2016, On this, it is noted that the segment specified in the existing reporting formats do not capture information on rewards. Therefore, the circular for reporting of payouts to Insurance Agents stand withdrawn with immediate effect.
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