Dhaka, Dec. 26 -- The Insurance Development and Regulatory Authority (IDRA) has announced the suspension of all individual agent licences in the non-life insurance sector, effectively eliminating commission payments from 1 January 2026.
The decision, aimed at protecting policyholders, strengthening insurers' financial health, and restoring market discipline, was communicated through a circular issued on 23 December.
According to IDRA, the suspension follows recommendations from the Bangladesh Insurance Association (BIA), decisions taken in regulatory meetings, and proposals submitted by insurers themselves.
From the effective date, no individual agents will operate in the non-life segment, and insurers will have no legal basis to pay com...