SEBI Reg. Investment Advisor

Download App

Help Center Pricing

Recent:

Insurance company’s stocks trade higher as Irdai removes individual ceiling of commission to be paid by insurers for sale of products

Max Financial Services Ltd. | Finance - Others | BFSI | BSE: 500271 | NSE: MFSL

29 Mar 2023 Evaluate

The insurance company’s stocks are trading higher after the Insurance Regulatory and Development Authority of India (Irdai) has removed the individual ceiling of commission to be paid by insurers for the sale of their products.

Max Financial Services is currently trading at Rs. 627.50, up by 19.20 points or 3.16% from its previous closing of Rs. 608.30 on the BSE.

Aditya Birla Capital is currently trading at Rs. 152.95, up by 6.15 points or 4.19% from its previous closing of Rs. 146.80 on the BSE.

Star Health and Allied Insurance Company is currently trading at Rs. 527.40, up by 9.50 points or 1.83 % from its previous closing of Rs. 517.90 on the BSE.

The board of an insurance company should frame commission policy keeping in mind the interest of the policyholders and agents. Flexibility in commission is also aimed at increasing insurance penetration and bringing cost efficiencies. The commission fixed by the board of an insurer must be within the allowable expenses of management (EoM) limit. These Regulations shall be called the Insurance Regulatory and Development Authority of India (Payment of Commission) Regulations, 2023. These regulations will come into force from April 1, 2023.

As per the regulator, the total commission payable under life insurance products, including health insurance products, should not exceed the Expense of Management (EOM) limits specified under the above regulations. It said ‘The total amount of commission payable under general insurance products, including health insurance products, offered by general insurers and health insurance products offered by standalone health insurers shall not exceed the EOM limits specified under Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting General or Health Insurance business) Regulations, 2023, as amended from time to time’.

It further said that these regulations would be reviewed once in every three years from the date of notification unless the review or repeal or amendment is warranted earlier. So far, commissions for the product were approved by the insurance regulator, depending on the policy. About the objective of the amendment, it said, this will help enhance the responsiveness of the regulation to market innovation. It will facilitate the insurers in the development of new business models, products, strategies, internal processes and enable easy compliance with the regulations while fulfilling the regulatory objectives. Besides, it will provide the insurers with the flexibility to manage their expenses based on their growth aspirations and the ever-changing insurance needs with an objective to improve insurance penetration.

Max Financial Share Price

1694.85 -4.45 (-0.26%)

16-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Max Financial	1694.85
Centrum Capital	25.83
Delphi World Money	12.04
Prudent Corporate	2651.40
Anand Rathi Wealth	3629.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

PROPRIETARY FRAMEWORK

Portfolio
Architecture >
Stock Picking.

Stop managing a collection of "tips." Access the ABC Framework to build a portfolio that survives cycles and compounds wealth.

Core for Stability

Booster for Alpha

Amplifier for Exponential Wealth

Build a Stress-Tested Portfolio.

Our Sapphire Advisory uses the ABC Concept to ensure you never have to panic during a market correction.

Core Stocks

STABILITY

Booster Stocks

GROWTH

Amplifier Stocks

ASYMMETRY

● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Access Sapphire ABC Strategy →

Limited Capacity for New Fiduciary Partners

Insurance company’s stocks trade higher as Irdai removes individual ceiling of commission to be paid by insurers for sale of products

MoneyWorks4Me Premium

Follow us at

MoneyWorks4Me

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.