India, Nov. 6 -- By Saurav Mukherjee

Mumbai (Maharashtra) [India], November 6 (ANI): Life Insurance Corporation of India (LIC) expects a limited impact from the Insurance Regulatory and Development Authority of India's (IRDAI) proposed commission caps and distribution reforms, as the insurer already operates within several of the proposed limits, CEO and Managing Director R Doraiswamy told ANI in an exclusive interview.

He indicated that insurers with higher distribution expenses could face greater pressure once the regulations are finalised, while LIC may need to modify or refile certain products to comply with the revised framework.

"Coming particularly to LIC, LIC has not been spending too much on distribution and has been having it...