Insurance companies expect the episode to not only prompt immediate spike in queries but also trigger longer-term behavioural shift
This comes amid long-standing discussions within the industry about introducing city-specific health insurance premiums that factor in air pollution levels as a key risk indicator.
The removal of GST on insurance premiums is expected to significantly erode PB Fintech’s commission revenues, which will put its Rs 1,000 crore FY27 profit target at risk.
IRDAI's action dates back to June 2020 when it conducted a remote inspection of PolicyBazaar’s operations during its IWA tenure and found irregularities in how it managed the sales processes, disclosures, partnerships, and premium flows.
IRDAI had inspected Policybazaar back in June 2020 and had issued a show-cause notice to PB Fintech in October 2024.
PB Fintech has seen its UAE insurance premium grow by 68 percent YoY with the business aligning more towards health and life insurance, similar to the company’s India business
According to reports, PB Fintech co-founders are likely to offload 50.5 lakh shares, equaling to 1.1 percent of the total equity in the firm.
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Morgan Stanley kept an 'Underweight' call PB Fintech shares, with a target price of Rs 1,130 apiece. This implies a downside potential of over 36 percent from the stock's previous closing price.
The company has invested Rs 3,959 crore across platforms like Zomato, Policybazaar, and Naukri — a portfolio now valued at Rs 36,855 crore - delivering a gross internal rate of return (IRR) of 36 percent, according to the firm’s FY25 annual letter to shareholders.
Jargon-filled terms and conditions and lack of clear communication from insurers have made insurance a product that people either delay or avoid altogether, the report added.
Policybazaar data reveals over Rs 1-crore cover gaining traction among Gen z and Millennial entrepreneurs
The fund will be open for subscription till April 15 at an initial Net Asset Value of Rs 10
Bansal noted that regulatory interventions can often be “very drastic” and sometimes even “unpredictable.”
Amid expectations of strong future growth and cheaper valuations after the recent correction, Kotak assigned a price target of Rs 1,525 for PB Fintech, anticipating a near 13 percent upside.
Kukreja will continue to be aligned with PB Fintech, and a valued senior leader, the company said. He will continue to be on the Board of Paisabazaar as Non-Executive Director.
The parent company of Policybazaar announced its results for Q3 FY25 in an exchange filing on January 30.
Policybazaar will also strengthen its foothold in the lending arena, with Paisabazaar pivoting from unsecured lending to an optimal mix from secured and unsecured loans, says Singh
PB Fintech, owns and operates Policybazaar, which offers an array of insurance products and advisory services.
Looking ahead, Morgan Stanley expects PB Fintech's stock to de-rate as core new business performance moderates in FY26.
PB Fintech's new initiatives will help it achieve EBITDA break-even by FY27, and a steady renewals pool should support long-term profitability, said UBS.
The company reported a 69 percent growth in the health and life insurance segment with a total insurance premium collection of Rs 5,450 crore during the quarter
Jefferies issues a 'buy' call on PB Fintech with a target price of Rs 1,800, following a $100 million investment plan in a new healthcare venture, while maintaining an asset-light balance sheet.
Dahiya said the new entity plans to acquire 6-8 hospitals in the NCR region. While it’s still too early to discuss specifics, he sought to clarify to prevent any misinformation that could lead to financial losses for investors
PB Fintech shares jumped 3% to Rs 1,700 on September 30 after the company clarified plans for a one-time minority investment in a healthcare venture. Chairman Yashish Dahiya said the company intends to acquire a 20-30% stake for up to $100 million.