PB Fintech, Turtlemint crash on IRDAI commission cap proposal

PB Fintech crashed 36% and Turtlemint fell 20% as IRDAI proposed product-wise commission caps to curb distributor remuneration that grew 125% against 28% new business growth. Builders in insurance distribution need to stress-test unit economics immediately—commission clawbacks and seller-level mis-selling tracking will reshape the playbook for customer acquisition.

Source: YourStory ↗