PB Fintech expects proposed IRDAI cuts to general insurance commissions to reduce new business premium in its non-life segment by 25-33%, assuming a 60% commission decline. The company ruled out mass layoffs, said it may seek an insurance license if economics shift, and will rethink its POSP model. FY28 could be volatile, with recovery targeted by FY29.
PB Fintech Warns IRDAI Commission Cuts May Hit Non-Life Premium 25-33%
Source: Moneycontrol