Mumbai, Oct. 30 -- PB Fintech Ltd, the parent of Policybazaar, said its point-of-sale person (PoSP) insurance distribution business may need to be restructured if the insurance regulator's proposed rules are adopted in their current form. However, it will wait for the final regulations before deciding its next steps.

The Insurance Regulatory and Development Authority's (Irdai) proposals say open-architecture distributors will be paid less than closed-architecture ones, and "that, in my opinion, does not leave scope for PoSP the way it is today", chairman and chief executive Yashish Dahiya said on a post-earnings call with analysts on Friday.

He said the business could carry on if it evolved into something different, "like maybe a servic...