Equitas discussed impact of IRDAI's proposed cut in insurance commissions on its fee income

Tue 29 Sep 2026

Total insurance revenue last year

95 crore rupees

Credit shield revenue share

50 crore rupees

Potential revenue impact

25 to 30 crore rupees

Heard on Live TV News Channel between 10:01:47 - 10:03:02 IST.

• IRDAI proposed significant reduction in commissions payable, especially for insurance products like credit shield where the distributor makes little selling effort.
• Vasudevan said Equitas insists borrowers take credit shield insurance to cover loan repayment in case of borrower death, though customers can choose any insurer.
• Total insurance revenue last year was about 95 crore rupees, of which about 50 crore came from credit shield-type products with low selling effort.
• If commission on these is halved as proposed, Equitas could lose about 25-30 crore rupees in revenue, which he called a small amount for the bank though positive for the sector long-term.

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