Insurance broker commissions mein **173%** ka jo uchhal dikh raha hai, wo asal mein payout nahi balki IRDAI ke naye accounting rules ka asar hai. Expenses ko reclassify kiya gaya hai, isliye confuse mat hona.
Insurance sector mein broker commission ko lekar jo 173% ka bada jump dikh raha hai, wo asal mein distributor ki jeb mein gaya paisa nahi hai. Ye sab IRDAI ke naye 'Expense of Management' framework ka kamaal hai, jisne expenses ki reporting ka pura tarika hi badal diya hai.
Reporting ka naya khel
Pehle insurance companies commissions aur advertising ya business development ke kharche alag-alag dikhati thi. Lekin naye rules ke baad, ab distribution se jude saare kharche 'commission' ke under hi club kar diye gaye hain. Iska seedha asar ye hua ki advertising spend mein 72% ki girawat aur sales promotion costs mein 76% ki badi kami dikh rahi hai. Toh ye koi sudden payout nahi, bas accounting entries ki shuffling hai.
Total industry cost par nazar
Agar hum total industry spend dekhein, toh commissions aur operating expenses mein 25% ka hi growth hua hai, jo ki total premiums mein hui 19.7% ki badhotari ke saath kaafi balanced hai. Matlab company kharcha control mein rakhe hue hai.
Halaanki, industry-wide cost ratio 32.1% tak pahunch gaya hai. Iske peeche ek bada reason ye hai ki crop insurance ka business kam hua hai, jisme commission kaafi kam hota tha. Isliye ratio artificial taur par badha hua dikh raha hai.
Investors ke liye kaam ki baat
Ab IRDAI ne general insurers ke liye 30% aur health insurers ke liye 35% ki 'Expense of Management' limit set kar di hai. Filhal 21 mein se 29 insurers is limit ke andar kaam kar rahe hain. Investors ko ab sirf commission line item dekhne ke bajaye, aggregate Expense of Management ratio par focus karna chahiye, wahi company ki asli efficiency batata hai.