Letters to the editor

Written by The Financial Express | Updated: Apr 30 2010, 05:15am hrs
Apropos of the edit Better disclosure (FE, April 29), the decision by Irda that all insurance companies will now have to spell out to customers the commission they pay to agents for each policy is a good step in institutionalising transparency. The customers are literally unaware of the amount that is paid or deducted for agents on their behalf for their registration; as in India the large number of insurance companies operating in public and private undertakings have their own different sets of norms that sometimes lead to unhealthy practices.

Syed Khaja, New Delhi