LIC backs IRDAI's commission reforms but seeks calibrated approach to distribution costs
moneycontrol · 09 Nov 2026 · 8 min
Management interview of Life Insurance Corporation of India (LICI), with 1 key numbers discussed.
- MD & CEO, LIC
LIC welcomed IRDAI's proposed commission reforms aimed at making life insurance more affordable, accessible, and trusted. Management stated that LIC submitted feedback with data to the regulator, advocating for a calibrated approach to avoid disruptions. The impact of the proposed changes on LIC is lower than on institutional distributors because LIC relies heavily on individual agents. Management noted that LIC is already well within regulatory expenses of management limits and aims to move toward a 10% EOM limit through digital adoption and operational efficiencies.