policybazaar | Business Upturn

PB Fintech shares in focus as DFS secretary flags concerns on insurance commissions, says IRDAI draft norms expected soon

Markets Desk — Mon, 20 Apr 2026 06:14:40 +0000

Shares of PB Fintech Ltd, the parent of Policybazaar, are likely to remain in focus after fresh concerns emerged around insurance commissions, a key revenue driver for online insurance distribution platforms.

According to comments reported by ET Now, the DFS Secretary flagged that higher insurance commissions remain a concern for the government, adding that the Insurance Regulatory and Development Authority of India (IRDAI) is expected to soon come out with a draft notification on the matter.

The development has once again brought regulatory uncertainty back into focus for insurance intermediaries such as PB Fintech, whose business model is significantly dependent on commissions earned from insurers for policy sales.

Historically, the stock has shown sensitivity to any regulatory chatter around commissions. In previous instances, concerns around caps on commissions and changes in distribution payouts have led to sharp corrections in PB Fintech shares, as investors factored in potential pressure on margins and growth visibility.

Adding to the narrative, management commentary from insurers also suggests that discussions with the regulator are ongoing. During its Q4 earnings call, ICICI Prudential Life Insurance Company noted that IRDAI has sought data on commissions, which has already been submitted, though there has been no further update so far. This indicates that regulatory deliberations are still in progress.

Market participants typically view any move to regulate or cap commissions as a key risk for digital insurance platforms, given their reliance on distribution income. A tighter framework could potentially impact profitability metrics and alter the competitive landscape within the sector.

Meanwhile, shares of PB Fintech were trading at ₹1,612.90, up 0.77% as of 11:40 AM today.

Policybazaar appoints Sajja Praveen Chowdary as CEO, succeeding Tarun Mathur

Arunika Jain — Tue, 07 Apr 2026 18:10:08 +0000

Policybazaar Insurance Brokers Private Limited, a wholly owned subsidiary of PB Fintech, has announced a significant change in its leadership. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Mr. Sajja Praveen Chowdary as the Principal Officer and Chief Executive Officer (CEO) of Policybazaar, effective from 7th April 2026. In addition to his role as CEO, Mr. Chowdary will also serve as the Whole Time Director of Policybazaar.

Mr. Chowdary joined the PB Fintech Group in 2011 and has been instrumental in leading various verticals within the company. He currently heads “Policybazaar for Business,” the Corporate/SME Insurance & Reinsurance arm of Policybazaar, which is experiencing rapid growth under his leadership. The division is establishing itself as a one-stop destination for business insurance products across India and is fostering a risk advisory culture to empower corporate India with suitable insurance solutions.

Mr. Chowdary’s prior contributions include scaling the retail businesses of Policybazaar, particularly in motor and term life insurance, by introducing innovative solutions such as Self Video Inspection and Zero cost Term insurance. With over 17 years of experience in business management, product and technology management, business development, and project management in the e-commerce sector, Mr. Chowdary holds a post-graduate degree in Marketing from IMT, Ghaziabad, and a B.Tech in Electronics and Communications from Acharya Nagarjuna University.

The appointment of Mr. Chowdary follows the resignation of Mr. Tarun Mathur from the position of CEO and Principal Officer of Policybazaar, effective at the close of business hours on 7th April 2026. Mr. Mathur’s resignation was due to personal commitments.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

PolicyBazaar shares surge nearly 3% – Check details

Aman Shukla — Thu, 21 Nov 2024 05:03:11 +0000

Shares of PolicyBazaar surged nearly 3% in today’s trading session, reaching a day-high of Rs 1,761.25. This uptick signals growing investor confidence and highlights a key moment in the company’s performance.

At the market’s opening, PolicyBazaar’s stock was priced at Rs 1,742.50, and the stock soon gained momentum, peaking at Rs 1,761.25. However, it faced slight volatility, dipping to a low of Rs 1,680.00. Despite the fluctuations, the overall trend was positive, reflecting a healthy outlook for the company’s growth prospects.

As of 10:34 am, PolicyBazaar shares were trading 2.24% higher at Rs 1,751.05 on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Tencent to sell 2.1% stake in PB Fintech via block deal tomorrow

Markets Desk — Wed, 28 Aug 2024 13:25:59 +0000

Shares of Policybazaar or PB Fintech will be in focus tomorrow on the back of a large block deal. According to a report from CNBC-TV18, Tencent is expected to sell 2.1% stake or 9.7 million shares in the company via a large block deal tomorrow. The report stated that the block deal is likely to take place at 4.5% discount to the current market price of Rs 1,737.90 on the NSE.

The floor price of the PB Fintech block deal is set at Rs 1,660.20 per share. Furthermore, the report also said that the seller will have a lock-up of 60 days to sell any further stake in the company. As per the latest shareholding pattern, Tencent held 4.26% stake in PB Fintech.

PB Fintech promoter to sell 1.8% stake via block deal tomorrow

Markets Desk — Thu, 16 May 2024 11:42:46 +0000

Shares of PB Fintech (Policybazaar) would be in focus as a large block deal will take place tomorrow. According to media reports, PB Fintech promoter is likely to sell upto 1.8% equity via a large block deal tomorrow (May 16). The report further stated that the total block deal size is expected to be Rs 1,053 crore and the floor price for the same is Rs 1,258 per share.

The floor price of Rs 1,258 per share for PB Fintech block deal is at a 6% discount to today’s closing price of Rs 1,338.25 on the NSE. The block deal will trigger a 365-day lock in for further stake sale by the promoter.

PolicyBazaar’s parent company surges 3% as board approves payment aggregator subsidiary

Aditya Bhagchandani — Thu, 21 Mar 2024 06:03:14 +0000

PB Fintech, the parent company of PolicyBazaar , saw a jump in its share price after its board of directors approved the incorporation of a subsidiary that would function as a payment aggregator.

The entity decided to name the subsidiary ‘PB Pay Private Limited’.

The subsidiary would conduct its business as a payment aggregator, assisting such merchants through an offline and/or digital infrastructure to accept payments.

The establishment of this subsidiary reflects the parent company’s interest in diversifying its services and capitalizing on the increasing demand for digital payment methods.

A return filed with regulatory officials indicates that the paid-up share capital of the proposed subsidiary would be Rs 27 crores. The incorporation and other procedures would be made possible with regulatory permission.

As of 11:30 a.m., shares of PB Fintech were trading 2.89% higher at ₹1,146.45, reflecting enthusiasm for the firm’s entrance into the payment aggregation sector.

Policybazaar slips 3% in trade as CLSA downgrades stock

Markets Desk — Mon, 03 Apr 2023 09:37:21 +0000

Shares of Policybazaar (PB Fintech) slip over 3% in trade today and hit a day’s low of Rs 612 on the bourses. At 2:50 PM, Policybazaar stock was down 2.8% at Rs 620.95 on the NSE. The knock in the stock largely comes in post CLSA downgraded the stock to Outperform from Buy with a revised target price of Rs 710 from Rs 660 earlier.

In the last five months, the stock has surged over 60% after the company demonstrated its path to profitability. CLSA says that lower burn rate in new initiatives aiding faster breakeven. Besides, the pressure from selling shareholders also eased, taking off some selling pressure, said CLSA in its report.

SoftBank’s Munish Varma resigns from Paytm & Policybazaar boards

Himanshu Mishra — Tue, 15 Mar 2022 15:12:40 +0000

Munish Varma, managing partner at SoftBank Investment Advisors steps down from the boards of Paytm and Policybazaar. The step comes after both companies listed on the Indian bourses last November.

Reports suggest that this was in line with SoftBank’s policy of stepping down from the boards of portfolio companies once they go public. The firms are expected to make a formal announcement to the stock exchanges.

Varma’s exit from Paytm comes as the company faces a regulatory crackdown, with the Reserve Bank of India (RBI) having banned it from adding new customers to its payments bank and wallet last week.

Shares of Paytm’s parent firm One97 Communications were down more than 10% on the afternoon of March 15, after shedding more than 12% of their value the previous day. The stock is now trading at just over Rs 600, or more than 70% down from its issue price of Rs 2,150.

Since it debuted on the bourses, Paytm has been struggling to convince investors and analysts of its ability to earn profits and continue growing, which has caused brokerage firms to issue severe price corrections for its shares.

However, Sharma was also involved in a motor vehicle incident in Delhi in February, for which he was arrested and let out on bail. The company claimed the issue was “minor”, and that media reports about his arrest were “exaggerated”.

“Expectations are clearly chalked out and a timeline has been given to us (by the RBI),” Sharma told ET on March 14. “We believe we will be able to complete the IT audit within the timeline and submit it.” However, he didn’t specify what this timeline was.

Sharma owns 51% of Paytm Payments Bank while One97 Communications owns the remaining 49%.

LIC partners with Policybazaar for widening customer reach digitally

Himanshu Mishra — Thu, 03 Feb 2022 16:31:50 +0000

The insurance giant LIC on February 3 declared a tie-up with insurance aggregator Policybazaar.com to increase the reach of its products.

“LIC, the country’s pioneer in life insurance and Policybazaar.com have joined hands to offer a wide range of term and investment products to consumers,” a joint statement announced, further putting that this partnership has been formally launched from today onwards.

“Policybazaar’s digital distribution channels will further help in accelerating insurance awareness and penetration across the length and breadth of India,” the statement further explained. The tie-up aims at facilitating seamless digital distribution of life insurance products across the nation.

Policybazaar’s Chief Executive Officer Sarbvir Singh told the tie-up is founded on the strategic goal to widen our reach, primarily in the smaller cities to ensure financial inclusion and social security.

Singh further explained that LIC has spearheaded the life insurance sector in the country and so this partnership will provide an amplified extent to people. He also said, “We are delighted to partner with them and look forward to providing protection to people across age groups, demographics and locations.”

However, it is the first time that the Life Insurance Corporation of India has got into a partnership with a private insurance aggregator to widen its footprint. The insurance sector guardian has so far depended on its vast resource of over 1.3 million agents to expand its customer base.

PB Fintech Ltd acquires IT startup Visit Internet Services for Rs 22.4 crores

Shifali Gorka — Sat, 15 Jan 2022 09:43:06 +0000

PB Fintech Ltd, the parent company of Policy Bazaar announced on Saturday that it has acquired the internet technology startup company Visit Internet Services for 22.4 crore. The acquisition was made through Policy bazaar’s fully owned subsidiary company Docprime Services.

Visit Internet Services Pvt. Limited is a Delhi-based company founded by BITS Pilani alumni Anurag Prasad, Vaibhav Singh, Shashvat Tripathi, and Chetan Anand. VISL is an internet technology company that runs and operates the Visit Health App. The app enables the patients to connect with medical specialists and consultants across the country using artificial intelligence.

According to the owner of PB Fintech, the total cost of the acquisition was Rs 22.4 crore in one or more trances and would lead to an initial acquisition of 98.4%.

In the exchange filing, the owner of Policybazaar further said that the main objective of VISPL was to develop and provide on-demand tele-healthcare services via internet services and mobile applications. And, with the use of internet technology, it will help the medical care providers and seekers to connect. Thus, providing internet-based healthcare services across the country and abroad.

According to the filing by Policybazaar, VISPL had a turnover of 23 lakh FY19 and Rs. 76.4 lakh FY2021.

Policybazaar owner PB Fintech gets SEBI’s approval for ₹6,017 crores IPO

Cheryll Jain — Tue, 19 Oct 2021 10:42:07 +0000

PB Fintech, India’s largest online insurance platform, announced on Tuesday, October 19 that it has received the approval of the Securities and Exchange Board of India to float an initial public offering (IPO) in order to raise Rs. 6,017.50 crores.

PB Fintech, which operates insurance platform Policibazaar and credit tracking and comparison platform Paisabazaar, will offer Rs.3,750 crores worth of fresh equity shares and an Offer for Sale (OFS) worth Rs.2,267 crores by existing selling shareholders as part of the planned IPO.

The draft red herring prospectus filed by PB Fintech disclosed that existing shareholder SVF Python II will sell shares worth Rs.1,875 crores while Yashish Dahiya will sell part of his shares worth Rs. 250 crore as part of the OFS. it also hinted that other selling shareholders will also give up their shares as part of the IPO.

As per the DRHP submitted before the board earlier this year in August, the company is also in talks to raise an additional Rs.750 crores through private placement of equity shares before the planned IPO.

Money raised from the fresh issue of equity shares will be utilised in expanding the company’s visibility and awareness among consumers in the market. PB Fintech is also seeking new opportunities to further develop its consumer base and secure its presence in the offline market.

Meanwhile, the funds raised from the IPO will aid in funding strategic investments and acquisitions to expand the company’s presence in the overseas market.

PB Fintech’s approved IPO is significant for the listed firm Info Edge that holds close to a 14 per cent stake in PB Fintech. The firm is not diluting any stake through OFS part of the public offering but the IPO will grant a benchmark to the cost of the stake that Info Edge holds in the company.

Policybazaar set to raise $70 million from Abu Dhabi based investment firm

Devanshu Singla — Mon, 15 Feb 2021 05:42:01 +0000

Abu Dhabi investment firm ADQ is looking to invest $70 million in Etechaces Marketing and Consulting Pvt. Ltd, the parent company of Policybazaar, as the the insurance aggregator is planning to go public this year.

The investment will value Etechaces at about $2 billion, sources told the Mint.

“We have had conversations and made significant progress. We can close it sometime this week,” a person involved in the deal-making process said, adding that the investor was ironing out a few bottlenecks ahead of an announcement.

Last July, Policybazaar chief executive Yashish Dahiya has said that the company was aiming to raise $500 million in an initial public offering targeted for September this year.

ADQ is headed by Sheikh Tahnoon bin Zayed Al Nahyan, the national security adviser of the United Arab Emirates.

ADQ did not respond to queries around the proposed investment, the report said.

“We do get a lot of interest from marquee investors such as ADQ, but nothing to share on this one currently,” a PolicyBazaar spokesperson said.

A spokesperson for Policybazaar said the company receives a “lot of interest from marquee investors such as ADQ,” but has nothing to share, it added.

Etechaces turned unicorn in mid-2018 when it raised more than $200 million in a funding round led by SoftBank Group’s Vision Fund. The fintech company has raised $364 million so far.

SoftBank, Tiger Global, Inventus, Temasek, Premji Invest, Info Edge, and Wellington are the prominent investors in Etechaces.