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PB Fintech drops 30% as IRDAI proposes tighter insurance commission caps
PB Fintech shares fell over 30% after IRDAI proposed product- and channel-specific insurance commission caps. The measures could pressure Policybazaar’s distribution take rates and renewal income, though the framework remains under consultation.
PB Fintech share price before the fall₹1,886.30
PB Fintech share price after the fall₹1,282
down over 30%
Reported figures
From the report. Source details below
| Stock declined from Rs 1,886.30 to | Rs 1,282 |
|---|---|
| Consultation paper released September | 23 |
Also in the report
- 20% first-year commission cap for distribution entities on 10+ year life policies
- 25% first-year cap for individual agents on 10+ year life policies
- Zero commission proposed for distribution entities on third-party motor insurance
- 5% proposed commission for distribution entities on new-vehicle own-damage, personal accident and legal-liability covers