BusinessPB Fintech Shares Fall 36% After IRDAI Proposes New Insurance Rules
PB Fintech shares plunged 36%, wiping out Rs 31,426 crore in market capitalization following the IRDAI's proposal for new insurance distribution rules. The regulator wants insurance prices to be visible upfront on insurer websites and suggests distributors be paid based on a persistency model. Turtlemint shares also fell 20% amid these reforms.
Upstox·3h ago



