PB Fintech Warns IRDAI Commission Caps Could Cut Revenue 30%

India's IRDAI has proposed capping first-year health insurance commissions at 15%, down from 30%, and renewal commissions at 5-10%. PB Fintech, which runs Policybazaar, says this could erase 30% of its revenue and has seen its stock drop over 30%. The company may seek an insurance manufacturing licence and will slow hiring, but rules out mass layoffs.