Policybazaar Parent Stock Crashes 43% In Four Days

TV9 Hindi · stocks

PB Fintech, the parent company of Policybazaar, has seen its stock price plummet by 43% in just four trading days. The sharp decline follows a proposal by IRDAI to set limits on commissions for selling insurance policies. This move directly impacts PB Fintech's business model, with management estimating a potential 30% hit to core revenue, particularly affecting the general insurance segment. In response, the company is considering cost-saving measures like hiring freezes and marketing budget cuts.