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Policybazaar's Market Cap Plunges by ₹26,000 Crore After IRDAI Draft Proposal
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CNBC Awaaz•24-09-2026, 14:06
Policybazaar's Market Cap Plunges by ₹26,000 Crore After IRDAI Draft Proposal
- •PB Fintech (Policybazaar) shares experienced heavy selling on Thursday, September 24, falling by approximately 30%.
- •This marks the company's biggest single-day decline since its listing in 2021.
- •The decline wiped out over ₹26,000 crore from the company's market capitalization, pushing the stock to a 52-week low.
- •The sharp fall was triggered by IRDAI's draft proposal concerning distribution regulations.
- •Analysts believe these proposed regulations could significantly impact PB Fintech, leading to intensified selling pressure.
Key Questions Answered
PB Fintech shares plummeted by approximately 30% after the Insurance Regulatory and Development Authority of India (IRDAI) released a draft proposal regarding distribution regulations and commission structures.
The steep single-day sell-off wiped out more than ₹26,000 crore from Policybazaar's market capitalization, pushing the stock down to a new 52-week low.
The IRDAI draft proposal includes rationalising Expenses of Management (EoM), reintroducing segmental commission limits, prohibiting deceptive 'Dark Patterns', and streamlining motor insurance to lower costs and expand coverage.
