India's Turtlemint slips after regulator proposes insurance commission curbs
24/09/2026 07:12
BUZZ-India's Turtlemint slips after regulator proposes insurance commission curbs ** Shares of insurance distribution platform Turtlemint Fintech Solutions TURE.NS down 20% at 109.04 rupees, their biggest intraday pct drop since company listed on June 29
** Stock also at its lowest level since debut
** India's insurance regulator, in a consultation paper released on September 23, proposed reintroducing commission caps across life, health, and motor insurance
** Reforms could disrupt existing distribution models, weighing on growth in an industry that relies on agent bancassurance channels for business, say analysts
** Shares of the company down ~72% since listing
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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