<h1>IRDA Sets Commission Rates for Insurance Agents Under 2013 Regulations Amid Declining Life Insurance Premium Growth.</h1> The Insurance Regulatory and Development Authority (IRDA) has issued regulations for commission rates on insurance sales agents. The Linked Insurance Products Regulations, 2013, and Non-Linked Insurance Products Regulations, 2013, outline these commission norms. The life insurance sector has experienced a decline in first-year premium growth over the past three years, with figures showing a 15.02% growth in 2010-11, followed by declines of 9.85% in 2011-12 and 6.48% in 2012-13. The negative growth is attributed to the prevailing economic conditions, as stated by the Minister of State for Finance in a written reply to the Rajya Sabha.