According to the report, the Bill will empower the Insurance Regulatory and Development Authority of India to cap agent commissions through formal regulations. The regulator is expected to set upper limits on commissions, incentives and other forms of remuneration payable to agents and intermediaries, reducing the flexibility available under existing norms.
The report said the move could impact digital insurance platforms and intermediaries that rely on variable commission structures for distribution. It added that the regulations may be implemented within six months of the Act coming into force.
The Union Cabinet has approved the Insurance Amendment Bill, which also proposes raising the foreign direct investment limit in insurance companies to 100% from 74%. While the higher FDI cap is viewed as positive for long-term sector growth, near-term concerns over tighter commission rules weighed on PB Fintech's stock.
PB Fintech is engaged in online marketing, consulting and support services through its platforms Policybazaar.com and Paisabazaar.com, catering to the financial services industry.
The company's consolidated net profit jumped 164.59% to Rs 134.87 crore in Q2 FY26 from Rs 50.98 crore in Q2 FY25. Revenue from operations rose 38.23% YoY to Rs 1,613.55 crore in the September quarter.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: