<h1>IRDAI's Revised Draft Removes Percentage Limits for Banks Selling Insurance Products After Stakeholder Feedback.</h1> The Insurance Regulatory and Development Authority of India (IRDAI) issued a revised second exposure draft on May 29, 2015, following the Insurance Laws (Amendment) Act, 2015, which redefined corporate agents. This draft, which emerged after stakeholder feedback on the initial March 31, 2015 draft, does not impose percentage limits on banks for selling insurance products. This update was communicated by the Minister of State in the Ministry of Finance in a written response to a question in the Lok Sabha.