RBL Bank’s bancassurance income to take 50-60% dent under IRDAI’s proposed distribution norms

RBL Bank warned of a potential 50-60% dent to its bancassurance income if IRDAI's proposed distribution norms are implemented, putting pressure on a fee stream that grew 31% to ₹300 Cr in FY26. Builders in insurtech: bancassurance margins are regulatory-exposed; if commissions compress 50%+, the unit economics of distribution partnerships collapse. Build for customer ownership, not agent/bank dependency.

Source: ET BFSI ↗