The Insurance Regulatory and Development Authority of India (IRDAI) issued the Insurance Regulatory and Development Authority of India (Expenses of Management, including Commission, of Insurers) Regulations, 2024, on January 23, 2024. This Master Circular supports those regulations and is issued under relevant sections of the Insurance Act, 1938, and the IRDA Act, 1999. It applies to life, general, and health insurers and comes into effect immediately upon issuance. Click here to read more.