India's insurance plan drags Policybazaar parent, lenders on distribution business hit
24/09/2026 04:54
India's insurance plan drags Policybazaar parent, lenders on distribution business hit Sept 24 (Reuters) - Shares of insurance distributor PB Fintech PBFI.NS, lenders and non-bank lenders with sizeable insurance distribution income fell on Thursday after India's insurance regulator proposed curbs on commissions and distribution payouts, raising concerns over earnings growth.
PB Fintech, parent of insurance distribution platform Policybazaar, and Max Financial MAXI.NS led losses among pack, plunging 10% each.
(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
Recent news on Max Financial Services
See all newsIndia's big insurance overhaul will test demand
Explainer: India's insurance overhaul: What changes and why it matters
PB Fintech, banks tumble as India's insurance reform plan threatens distribution income
PB Fintech's $3 billion rout leads Indian insurance sector's slump on commission-cap plan (updated)
India's insurance plan drags Policybazaar parent, lenders on distribution business hit