Where could PB Fintech share price be in the next five years?
- PB Fintech shares crashed after IRDAI proposed changes to insurance distribution economics
- Proposed changes may pressure insurance-distribution economics for PB Fintech and other insurers
Topic
Insurance distribution▼ −50% net tone today
PB Fintech −7.9%, SBI Life Insurance +1.5%, HDFC Life Insurance +2.5% on Thu, 1 Oct- Draft IRDAI rules could put 30% of PB Fintech’s revenue at risk
- IRDAI’s consultation paper proposes 12 practices to be treated as life insurance mis-selling
- Coverfox founder Sanjib Jha questioned proposed commission cuts, including a 2% cap on loan-linked protection
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