Mumbai, Sept. 29 -- The stock has remained under pressure since the Insurance Regulatory and Development Authority of India's (IRDAI) proposed overhaul of insurance distribution economics.

IRDAI's consultation paper, "Recalibrating Economics of Insurance Distribution", proposes tighter limits on distributor commissions, lower expense-of-management limits for insurers, greater transparency in distributor remuneration and stronger safeguards against mis-selling. The regulator has also proposed measures to track dark patterns and make relevant performance information available to strengthen market discipline.

The proposals have raised concerns over the earnings outlook for insurance distribution platforms such as PB Fintech, the parent of ...