India, Sept. 25 -- The sell-off in insurtech stocks continued for the second straight session today as the Insurance Regulatory and Development Authority of India's (IRDAI) proposed overhaul of insurance distribution commissions rattled investors.

Shares of Policybazaar parent PB Fintech fell as much as 7.8% to touch a fresh 52-week low of Rs.1,115.10 on the BSE. Meanwhile, Turtlemint shares opened at their 20% lower circuit of Rs.87.30, which was also the stock's fresh all-time low.

The stocks later pared some of their losses. At 12:21 IST, PB Fintech was trading 5.12% lower at Rs.1,148.10, with a market capitalisation of Rs.53,128.6 Cr (about $5.5 Bn).

Turtlemint was trading 18.84% lower at Rs.88.55, giving the insurtech company a ma...