By Mr. Susheel Tejuja – Founder & Managing Director at PolicyBoss.

“Today, insurance commissions have been fairly simplified, thanks to EOM guidelines brought in by the regulator earlier this year. Post these guidelines coming into effect, all insurers have by and large streamlined and aligned to the new way of life and hence there is no shade of gray on this subject.

Malpractices as you mentioned by you have largely been put to check and if at all anyone still continues to do so, they would pose a big risk both personally and to the insurance company. Over time, all such malpractices will cease and it’s the policyholder who benefits from this all at the end of the day as their is greater transparency and clarity on making an informed insurance choice”