To accommodate that, it has allowed insurers to adjust premiums by up to 5% without having to re-file the product. New pay-out structureLife insurance follows a front-loaded commission structure—the first year commission is largely unchanged. In case of health insurance, there is no hike in the commissions as such. Krishnamoorthy Rao, managing director and chief executive officer, Future Generali India Insurance Co. Ltd, retail health could see a hike. Most insurers will possibly increase premiums for individual health insurance policy.

Source: Mint April 09, 2017 18:00 UTC