The Insurance Regulatory and Development Authority of India does not plan to introduce new curbs on the bancassurance model, according to people familiar with the regulator’s deliberations. IRDAI officials said recent allegations of mis-selling through bank branches are “not alarming,” and any enforcement will be handled case-by-case rather than through sweeping rule changes. The sources added that insurers will not be compelled to undertake an initial public offering, maintaining the regulator’s advisory approach to listings. Chair Debasish Panda has previously cautioned banks to improve sales practices, calling bancassurance a “useful” but increasingly flawed channel that must be run with “care and caution.” IRDAI will continue to monitor concentration risk in distribution, warning that excessive reliance on a single channel is unsustainable. While reinforcing its oversight, the authority said it supports industry efforts to expand distribution provided growth remains responsible.