The Mint Editorial Board supports the IRDAI's consultation paper, viewing its proposals as a well-intended reform to India's insurance sector. The reforms aim to lower distribution costs, increase transparency, reduce management expenses, and combat misselling, making products more customer-friendly. These changes are crucial for invigorating a sparsely insured country and boosting long-term market expansion. While some insurers might initially be dismayed by tighter caps, the board believes everyone, especially consumers, will ultimately benefit. Greater trust in insurance promises will lead to increased sign-ups and deeper penetration, aligning with the goal of a robust, trustworthy insurance market.