Irdai's Fee Cap Proposal Shakes Up Insurance Distributors

Irdai's new fee cap proposal is shaking things up for insurance distributors! Banks and NBFCs, especially L&T Finance and Piramal Finance, are feeling the pinch as commissions could get slashed by 30-66%. This has sent shares of online distributors like PB Fintech and Turtlemint tumbling down, showing that this storm is no laughing matter!