IRDAI insurance companies ke liye naye 'Expense of Management' limits lane ki planning kar raha hai. Is draft proposal mein SBI Life baaki competitors ke muqable kafi strong position mein dikh rahi hai.
IRDAI ka naya plan kya hai?
Insurance regulator IRDAI ne ek consultation paper nikala hai jisme life insurers ke liye Expense of Management (EoM) limits ko 12.5% tak lane ka proposal hai. Ye change agle 5 saalon mein implement hona hai. Iska main maqsad insurance distribution ke kharche ko kam karna aur process ko efficient banana hai.
SBI Life kyun hai safe?
Market experts ka manna hai ki SBI Life is badlav ko aasani se handle kar legi. Kyun? Kyunki unka current expense ratio already 10.6% (FY26) ke aas-paas hai, jo naye proposed 12.5% limit se kaafi neeche hai. Jabki baaki companies jaise HDFC Life aur Max Life ke liye apne kharche kam karna aur naye rules ke saath align hona thoda mushkil ho sakta hai.
Commission aur distribution par pressure
Naye rules mein commissions par bhi caps lagaye ja sakte hain. Jo companies third-party distribution par zyada rely karti hain, unhe apne business model mein bade badlav karne pad sakte hain. Insurance stocks mein filhal thoda selling pressure dikh raha hai kyunki investors uncertainty se darr rahe hain.
Agla bada deadline kya hai?
Abhi sabki nazar 25 October, 2026 par hai, jo public comments submit karne ki last date hai. Jab tak final rules notify nahi hote, tab tak margin aur growth strategy par thoda doubt bana rahega. Investors ko monitor karna hoga ki companies bina growth se compromise kiye apne costs ko kaise manage karti hain.