How To Select An Insurance Policy, In Light Of Recent IRDAI Paper | Insurance Guide | Money Today

In this special episode of Money Today, we decode the latest proposed changes by IRDAI around insurance distribution and broker commissions, and what they could mean for policyholders. Insurance expert Deepak Yohannan explains whether lower commissions could eventually translate into cheaper premiums, how misselling concerns are being addressed, and what consumers should check before buying a policy. The discussion covers health insurance, life insurance, term plans, claims settlement ratios, room rent caps, co-pay clauses, pre-existing disease waiting periods and the role of super top-up covers. We also look at how much health and life insurance cover one should consider, individual versus family floater policies, and why consumers should not choose an insurance policy based on premium alone. Plus, key tips to make smarter insurance decisions.