New Delhi, June 28 -- The Insurance Regulatory and Development Authority of India (IRDAI) is set to release a discussion paper on insurance distribution reforms, with policyholder protection forming the cornerstone of the proposed framework, according to comments by Swaminathan S. Iyer, Member (Life), reported by ET Now.

The proposed reforms are expected to cover key aspects of insurance distribution, including persistency, distributor incentives, customer choice, bancassurance partnerships and the broader regulatory framework. According to ET Now, the final contours of the reforms will be shaped after consultations with industry stakeholders.

Speaking to ET Now, Iyer said the regulator's approach is to ensure that customers can make in...