, Dec. 31 -- In a landmark move to reform the insurance sector, the Insurance Development and Regulatory Authority (IDRA) has suspended the licenses of all individual agents in the non-life insurance category, effectively ending personal agent-based commissions.

The decision comes into effect tomorrow, January 1, 2026. From the first day of the new year, non-life insurance companies will no longer have any legal basis to provide commissions to individual agents for securing business.

The regulatory body issued a circular on December 23, 2025, announcing the suspension of all personal insurance agent licenses under non-life insurers. IDRA clarified that since these licenses will no longer be valid starting January 1, any payment of commi...