IRDAI proposal: Niva Bupa 'Buy' comfortable with EOM cap, PB Fintech 'Neutral' weighs business changes

The latest proposal by the Insurance Regulatory and Development Authority of India (IRDAI) seeks to tighten insurance distribution norms by lowering insurers' Expenses of Management (EoM) limits and placing tighter controls on commissions and distributor payouts.For life insurers, the proposed EoM…