‘Will expand noninsurance revenue within regulatory limits’: PB Fintech CEO

India's proposed commission caps on online insurance distribution triggered a 36% single-session collapse in PB Fintech, which guided to roughly 30% core online insurance revenue erosion by FY28 and an even sharper hit to general insurance. The read-through is regulatory de-rating risk for insurance intermediaries and platform-based distributors, even as PB Fintech's Q2 profit rose 42.5% year-on-year. Impact is company- and sector-specific rather than systemic.