Insurance Stocks Crash After IRDAI Distribution Reforms: What Do Lower Commissions Mean for PB Fintech, HDFC Life and Others?
India, Sept. 24 -- India's insurance sector is seeing growing focus on distribution costs, commissions and the role of intermediaries in selling policies. Any changes to these rules can affect how insurers, brokers, banks and digital insurance platforms earn from policy distribution. Against this backdrop, the latest regulatory proposals have drawn significant attention across insurance-linked stocks.
With a market capitalisation of Rs. 67,344 cr, the shares of PB Fintech Ltdwere trading at Rs. 1455.30 per share, down 23% in today's market session, making a low of Rs. 1,455.30, down from its previous close of Rs. 1,890 per share.
With a market capitalisation of Rs.1,14,278 cr, the shares of HDFC Life Insurance Company Ltdwere trading ...
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