New Delhi, Oct. 9 -- Here is a number worth sitting with. Between FY23 and FY25, what insurers paid corporate agents grew 125%. The premium those policies brought in grew 28%.

Your premium paid for that gap. So what did you get for it after the sale?

For most policyholders, very little. Buying insurance feels easy; knowing what you bought often does not. That is no accident. Most distribution models earn their margin when a policy is issued. Renewals, claims and a family searching for a policy document in a hospital corridor have rarely been anyone's job.

On 23 September, the Insurance Regulatory and Development Authority of India (Irdai) released a consultation paper, Recalibrating Economics of Insurance Distribution, open for comment...