# Banks Assess Insurance Commission Curbs Impact

> Banks face 33% drop in bancassurance fees under new insurance commission rules.
- Title: Banks Assess Insurance Commission Curbs Impact | Shortify
- Summary: Banks face 33% drop in bancassurance fees under new insurance commission rules. Banks expect 33% fall in insurance commission fees after Irdai's proposed…
- Keywords: central bank of india, canara bank, axis bank, hdfc bank, irdai, bancassurance fees, insurance commission curbs, Banks, Assess, Insurance, Commission, Curbs
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-also-count-cost-of-insurance-payout-curbs/articleshow/135034779.cms
- Author: Shilpy Sinha
- Published: 2026-10-18T19:21:00+00:00
- Read time: 1 min
- Topics: central bank of india, canara bank, axis bank, hdfc bank, irdai, bancassurance fees, insurance commission curbs
## Insurance Commission Changes
Banks are assessing the impact of proposed insurance commission curbs to reduce distribution costs.
## Central Bank of India Impact
Central Bank expects 33% drop in bancassurance fees from ₹76 crore to ₹49 crore.
## Canara Bank's Forecast
Canara Bank estimates ₹145-crore hit to fee income from insurance commission changes.
## Axis Bank Strategy
Axis Bank plans to offset losses through higher sales volumes and alternative fee income sources.
## HDFC Bank Stance
HDFC Bank says it is too early to assess the full impact of insurance commission changes.
## Key takeaway

Banks expect 33% fall in insurance commission fees after Irdai's proposed changes to reduce distribution costs.