Commission is where distribution cost leaks: slabs mis-applied, clawbacks never recovered, and agreements that quietly exceed IRDAI limits. FinIFRS builds the policy master and commission register from your data, analyses clawbacks and distribution expense, and reads the commission agreements themselves with AI to find the gaps against the regulation.
Agreements, slabs and clawback clauses live in PDFs; payouts live in a system that never read them.
Payout rates that don't match the signed agreement.
Lapses and cancellations with no recovery.
Agreements that exceed IRDAI caps without anyone noticing.
It reads the agreement as well as the payout.
AI reads clauses, slabs and conditions and benchmarks them against IRDAI limits.
Recoverable commission on lapses and cancellations quantified.
Distribution expense feeds the Expenses of Management analysis.
Upload once; every report activates.
The agreements are unstructured; that is exactly where AI earns its place.
PDF, Word or spreadsheet agreements read clause by clause; gaps against IRDAI limits and internal policy reported with the clause cited.
Recovery notices drafted from computed clawbacks.
Across every FinIFRS product the rule is the same: a deterministic, tested engine computes and stores every figure first. AI reads documents, drafts sentences and answers questions over what is already stored — it never computes, posts or approves an amount.
Masters and benchmarks are data.
Against a payout system and manual review.
| Capability | Payout system | Manual review | FinIFRS |
|---|---|---|---|
| Agreements read against IRDAI limits | — | Sampled | ✓ Every agreement |
| Clawbacks quantified | Partial | — | ✓ Native |
No. It flags gaps in the agreement with the clause cited; payouts are computed from your data.
We run your commission agreements through the gap detector and quantify clawbacks on a sample period.