PolicyInc42about 3 hours ago
IRDAI Commission Caps Erase ₹35,705 Cr From Insurtech Stocks
5 min read
PB Fintech and Turtlemint lost a combined ₹35,705 Cr in market cap over three sessions after IRDAI proposed product-level commission caps for insurance distributors. PB Fintech fell 1.17% to ₹1,151.90; Turtlemint dropped 4.07% to ₹83.75. Jefferies estimates a 10% commission cut could reduce earnings 10-12%. Stakeholder comments are due by October 25.
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