The Insurance Regulatory and Development Authority of India (IRDAI) on July 18, 2024, repealed the circular on Payment of Commission, remuneration, rewards· and distribution fees under Long Term Motor Insurance Policies Circular No. IRDA/INT/CIR/Comm/139/08/2018 dated August 29, 2018, has become redundant.
Hence, the mentioned circular stands repealed.
[Notification No: IRDAI/INT/CIR/MISC/104/7/2024]