PolicyET Techabout 1 hour ago
PB Fintech Crashes 26% on IRDAI Commission Plan
5 min read
PB Fintech, parent of Policybazaar, plunged 26% to Rs 1,395.70 on the NSE after IRDAI proposed linking distributor commissions to product type and channel, and banning dark patterns. The crash erased Rs 22,703 crore in market value, its worst single-day fall since listing in November 2021. Turtlemint fell 20%. Jefferies and Citi warn of sharp earnings and distribution economics compression.
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