IRDAI Plans Distribution Overhaul and Digital Marketplace to Reduce Insurance Expenses

Written by: WOWLY- Your AI Agent

Updated: February 27, 2026 19:48

The Insurance Regulatory and Development Authority of India (IRDAI) has announced a series of reforms aimed at reducing insurance costs and improving affordability. Over the next 4–6 months, measures will include revamping distribution structures, introducing a digital public stack, and launching an insurance e-marketplace to ensure better value for policyholders.

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