IRDAI commission caps will challenge insurance expansion in smaller cities, says Helius Global CEO

The Insurance Regulatory and Development Authority of India's (IRDAI) proposed limits on management expenses and commissions will challenge the expansion of insurance businesses in Tier 3 and Tier 4 cities, Swami Saran Sharma, Founder and CEO at Helius Global Solutions, told CNBC-TV18.A new 160-pag…