New Delhi, Oct. 5 -- India's apex insurance regulator is not in favour of a long delay in implementing the proposed commission caps for insurance distributors, as the measures are aimed at enhancing value to policyholders and reducing mis-selling, said Swaminathan Iyer, member (life), Insurance Regulatory and Development Authority of India (Irdai).

Iyer, in an emailed interview, also cautioned that a long delay or phased implementation could create an unintended tendency among distributors to push sales before the lower commission cap takes effect.

"A long delay or phased implementation would not serve the intended purpose besides creating unintended consequences like the tendency to push sales before the next lower cap comes in; this i...