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Insurance firms still negotiating with distributors on commission revisions
Business Standard
|December 12, 2025
Life insurers have formed committee to discuss the capping of distributor commission
More than two months after rationalisation of goods and services tax (GST) on individual life-insurance premiums and the withdrawal of input-tax credit (ITC), life-insurance companies are still negotiating commission revision with distributors.
While revision in commission for the agency channel has been finalised and put into effect, discussion with large bancassurance distributors is on, multiple sources aware of the development said.
Smaller insurers have passed it on to their channel partners, a source added.
Sources in the know said a large part of negotiations with distributors had been completed, and the rest was in its final stages.
Some large banks are taking extra time to adjust themselves with the impact of the withdrawal of input-tax credit (ITC).
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