FE Editorial : Why was IRDA sleeping?
The Financial Express: Feb 06 2013, 01:18 IST
compared to a growth of almost 10% in 2010-11. This is bad news for the industry and speaks poorly of the way the IRDA is regulating the sector. IRDA has come out with some solutions like limiting commissions for agents who don’t have a 50% persistency in the first year—for the sake of the industry, we have to hope this will work.
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