Under the proposed framework, distributors could be rewarded for the quality of sales and servicing, while commissions could be clawed back in cases of mis-selling. The regulator has also proposed greater accountability for individual sales staff by tagging their identity to policies sold and putting information on mis-selling incidents in the public domain.
Under the proposed framework, distributors could be rewarded for the quality of sales and servicing, while commissions could be clawed back in cases of mis-selling. The regulator has also proposed greater accountability for individual sales staff by tagging their identity to policies sold and putting information on mis-selling incidents in the public domain.
<iframe src="https://hindustansphere.com/embed/cluster/9ce9a2d3b58bf93425be291a6546432f6b9d137a" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="IRDAI proposes clawback of commissions in case of mis-selling"></iframe>
