PB Fintech in deep red, crashes 34% after IRDAI new insurance norms proposal

PB Fintech shares dropped 32% following IRDAI’s proposed changes to insurance distribution rules, including a ban on misleading practices. The reforms aim to lower costs and improve transparency, potentially altering commission structures and impacting revenue for distributors and platforms.PB Fintech shares dropped 32% following IRDAI’s proposed changes to insurance distribution rules, including a ban on misleading practices. The reforms aim to lower costs and improve transparency, potentially altering commission structures and impacting revenue for distributors and platforms.