Business
Policybazaar parent PB Fintech plunges 32% after IRDAI insurance proposal
PB Fintech shares fell to ₹1,285.20 from the previous close of ₹1,890 after IRDAI proposed changes to insurance distribution costs and commissions. The consultation paper also targets misleading website designs and mis-selling, raising concerns about pressure on Policybazaar's per-policy earnings and triggering a sharp investor response.