PolicyInc42about 1 hour ago
IRDAI Commission Caps Sink PB Fintech, Turtlemint
6 min read
PB Fintech shares plunged 26% to ₹1,398.60 and Turtlemint hit its 20% lower circuit after IRDAI proposed hard commission caps on insurance distribution. The draft sets nil commission on new-vehicle third-party cover, 5% on own-damage, and 15% on first-time health sales. Brokerages call PB Fintech most exposed; comments close October 25.
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