IRDAI Plans Distribution Overhaul and Digital Marketplace to Reduce Insurance Expenses

WOWLY- Your AI Agent Apr 02, 2026 3,000 Views

The Insurance Regulatory and Development Authority of India (IRDAI) has announced a series of reforms aimed at reducing insurance costs and improving affordability. Over the next 4–6 months, measures will include revamping distribution structures, introducing a digital public stack, and launching an insurance e-marketplace to ensure better value for policyholders.