What is IRDA payout?
What is IRDA payout?
Insurance Regulatory & Development Authority (Irda) has capped payments by insurers to agents and dealers at 19.5% for cars and 22.5% for two-wheelers and brought them under its purview as motor insurance service providers (MISPs) starting this month, a move that is expected to bring down claims ratio. Nov 28, 2017
