Insurance regulator IRDA has asked life insurers to make public the commission they pay to agents for unit-linked products from investors money, absence of which has been decried by mutual funds as a disadvantage. ...it has been decided to disclose the commission or brokerage payable to an agent or broker explicitly...from enhanced transparency view point, the Insurance Regulatory and Development Authority (IRDA) said in a circular. The move comes at a time when IRDA is engaged in a public and legal battle with market regulator Sebi over who controls unit-linked products. Insurance companies, by and large, welcomed the decision saying ...

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