PB Fintech may enter insurance manufacturing as IRDAI proposes commission cuts

We missed this earlier: The proposed commission caps by the Insurance Regulatory and Development Authority of India (IRDAI) could erase 30% of PB Fintech’s revenue, assuming that the income it earns from general insurance reduces 33-40% from current levels. PB Fintech, which runs insurtech platform Policybazaar, said its business is split evenly between life and non-life insurance, with the non-life business likely to take the biggest hit. During an analyst call on September 24, PB Fintech co-fo