PB Fintech Crashes 32% on IRDAI Commission Rules: Jefferies Reveals Top Insurance Picks Now
- IRDAI proposed changes to insurance distribution rules, including lower or capped commissions across life, health, and motor insurance.
- PB Fintech shares fell sharply after the proposal, while Turtlemint also declined; Max Financial Services shares fell as well.
- Jefferies estimated that a 10% cut in new-business commissions could reduce PB Fintech and Turtlemint earnings by 10% to 12%.
- IRDAI is accepting public feedback until October 25, 2026, with implementation proposed for financial year 2027–28.
15 Articles
15 Articles
Life Insurers with High Credit-life Exposure May Benefit from Proposed Lower Commissions: Report
Get latest articles and stories on Business at LatestLY. Life insurers with a higher share of credit-life business in their Annualised Premium Equivalent (APE) could benefit from the insurance regulator’s proposed changes in insurance commission rates, according to a report by Centrum. Business News | Life Insurers with High Credit-life Exposure May Benefit from Proposed Lower Commissions: Report.
Financial stocks lead correction as insurance overhaul plan sparks fears
While aimed at curbing mis-selling and lowering costs for policyholders, industry executives cautioned the proposed caps could disrupt distribution networks, squeeze lower-ticket products and narrow consumer choice.
PB Fintech shares crash 30%: Why did Policybazaar parent fall so sharply today?
PB Fintech shares plunged after the IRDAI proposed changes to insurance commissions and distribution payouts. The move triggered worries over Policybazaar's earnings model and dragged financial stocks lower.
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