New Delhi, Oct. 24 -- The Insurance Regulatory and Development Authority of India (IRDAI) is set to examine seven key demands from the Life Insurance Agents' Federation of India (LIAFI) as the agents' body pushes back against nearly every major proposal in the regulator's planned overhaul of insurance distribution norms. The review comes just ahead of the October 25 deadline for stakeholder feedback on the consultation paper titled "Recalibrating Economics of Insurance Distribution."

LIAFI has opposed core elements of the proposed framework, including commission caps, public disclosure of individual agents' payouts, and provisions that would allow recovery of commissions in cases of alleged mis-selling. The federation has instead sought ...