# PB Fintech Shares Plummet After IRDAI Rules

> PB Fintech shares drop 36% as IRDAI proposes insurance commission cuts.
- Title: PB Fintech Shares Plummet After IRDAI Rules | Shortify
- Summary: PB Fintech shares drop 36% as IRDAI proposes insurance commission cuts. PB Fintech shares fell 36% after IRDAI proposed commission caps on insurance…
- Keywords: pb fintech, irdai, policybazaar, commissions, insurance, fintech, gurugram, india, stock market, share price, Shares, Plummet
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/insure/pb-fintech-a-record-debut-in-2021-a-record-31400-crore-wipeout-and-now-the-biggest-storm-the-gurugram-co-can-face-after-irdai-rules-proposal/articleshow/134478983.cms
- Author: ET Online
- Published: 2026-09-25T07:50:00+00:00
- Read time: 2 min
- Topics: pb fintech, irdai, policybazaar, commissions, insurance, fintech, gurugram, india, stock market, share price
## PB Fintech shares plunge 36%
PB Fintech shares plunged 36% on Thursday, their biggest single-day fall since the pandemic.
## IRDAI proposes insurance commission changes
The Insurance Regulatory and Development Authority of India (IRDAI) proposed sweeping changes to insurance distribution economics.
## PB Fintech's business model at risk
For PB Fintech, the regulatory shock strikes at the heart of a business built not on making insurance, but on helping Indians buy it.
## Company founded in 2008
Yashish Dahiya, Alok Bansal, Avaneesh Nirjar, Tarun Mathur and Manoj Sharma founded the company in 2008 in Gurgaon.
## PB Fintech's market debut record
PB Fintech emerged as the most valuable insurance marketplace in the world with a record market debut in November 2021.
## Regulatory impact on revenue
Dahiya said PB Fintech could see general insurance revenue drop by one-third to 40% of current levels due to the proposed rules.
## PB Fintech's asset portfolio
PB Fintech has 132.1 million registered consumers, 62.9 million policies sold, and 56.8 million credit score users.
## IRDAI's commission cap proposals
IRDAI proposes capping commissions at 15-20% for new health insurance policies and 5-10% for renewals and policy porting.
## PB Fintech's financial impact
PB Fintech's market value dropped ₹31,400 crore after the regulatory proposal triggered a 36% share plunge.
## Jefferies' revised outlook
Jefferies cut its target price for PB Fintech to ₹1,540 from ₹2,050, implying 28% upside from current levels.
## Motilal Oswal's forecast
Motilal Oswal expects a 30% hit to FY28 core online insurance revenue and a 46% earnings impact if rules are implemented.
## PB Fintech's next steps
PB Fintech plans to rationalize digital marketing, brand spending, and customer support while exploring new revenue streams.
## Key takeaway

PB Fintech shares fell 36% after IRDAI proposed commission caps on insurance products, wiping ₹31,400 crore from market value.