new stringent guidelines for corporate agents and may have to stop distributing however irda has said it may approve an rrb or a cooperative bank for referral if it cannot qualify as a corporate agent also have to pay a minimum alternative tax mat of 18 as the proposed dtc has no provision of giving any sector exemption from mat agents could go out of business pointed out gn agarwal chief actuary of future generali life insurance some also feel that since many agents do not meet the requirements at present the regulator needs to allow a reasonable transition period to enable companies to train agents and boost their productivity irda has set july 31 as the deadline for receiving comments and suggestions on the draft norms from the general public life insurers and other stakeholders