<h1>IRDA Caps Insurance Agent Commissions at 15%; Adjusted Rates Encourage Younger Buyers Without Raising Senior Premiums.</h1> The Insurance Regulatory and Development Authority (IRDA) has set a 15% ceiling on commissions for insurance agents. Insurers will determine the exact commission rate for each policy, but it cannot exceed this limit. Public Sector Undertaking insurers have adjusted commission rates to encourage younger individuals to purchase health insurance, with rates set at 15% for those under 35, 12% for ages 35 to 45, and 10% for those over 45. This change is not expected to affect senior citizens' ability to buy insurance, as reduced commissions will not lead to higher premiums.