PB Fintech Sheds Over ₹34K Cr In M-Cap In 3 Sessions

•PB Fintech lost ₹34,155.78 Cr in market cap, while Turtlemint lost ₹1,548.96 Cr in three sessions.

•IRDAI proposed new product-level commission caps for insurance distributors, potentially cutting commissions by 10%.

•Proposed changes could pressure customer acquisition costs, earnings, and partnerships with insurers for digital distributors.

•Stakeholders have until October 25 to comment on the proposed framework before IRDAI makes a final decision.