TheInsuranceRegulatoryandDevelopmentAuthorityofIndiaIRDAIhasintroducednewregulationsoncommissionpaymentstointermediariesandexpensesofmanagementforgeneralandhealthinsurancecompaniesWhilethePaymentofCommissionRegulations2023removespreviouscapsonpaymentstheExpensesofManagementEOMRegulations2023allowsforadditionalexpensesrelatedtoforeignandIFSCbranchesInsurtechandinsuranceawarenessThenewregulationsissuedbytheInsuranceRegulatoryandDevelopmentAuthorityofIndiaIRDAIwillbeeffectivefromApril1UndertheEOMRegulations2023generalinsurancecompaniescanworkwithEOMupto30ofgrosspremiumwrittenwhileinsurerscarryingonstandalonehealthinsurancebusinessareallowedtogoupto35ofgrosspremiumwrittenTheobjectiveoftheseregulationsistoprovidetheinsurerstheflexibilitytomanagetheirexpensesbasedontheirgrowthaspirationsandtheeverchanginginsuranceneedswithanobjectivetoimproveinsurancepenetration