India, Sept. 28 -- Shares of insurtech companies Turtlemint and PB Fintech continued to spiral today, losing over Rs.35,705 Cr in cumulative market capitalisation over the past three trading sessions. While Turtlemint hit a new loss of Rs.81.45 during intraday trade today, PB Fintech's shares lost over Rs.30 apiece during early hours of today's trade.

While Turtlemint's stock closed today's trading session 4.07% lower at Rs.83.75, PB Fintech's stock ended 1.17% lower at Rs.1,151.90. With this, PB Fintech's stock has seen an erosion of Rs.34,155.78 Cr since Wednesday while Turtlemint's stock has seen an erosion of Rs.1,548.96 Cr.

The bearish momentum of the stocks comes as investors continue to react to the IRDAI's proposed overhaul of i...