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Fintech

IRDAI Caps NBFC Insurance Commissions, Eroding Profit Margins

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IRDAI Caps NBFC Insurance Commissions, Eroding Profit Margins

Insurance commissions accounted for 3-25% of profit before tax for select NBFCs in FY2026, with lenders heavily exposed to credit-protection products facing the sharpest impact from IRDAI's proposed caps. Lenders should immediately diversify revenue streams away from commission-based insurance bundling.

Source: ET BFSI ↗

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