Innovation, digital ease driving the shift, say insurers
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Irdai has imposed a ₹5 crore penalty on Policybazaar Insurance Brokers for certain lapses and also cautioned against violating insurance norms
The decline in PB Fintech's share price followed the news that the Insurance Regulatory and Development Authority of India (IRDAI) has levied a penalty of ₹5 crore on the company
Upon examining a selection of 67 insurance policies, IRDAI found that premiums were remitted with delays exceeding 30 days
Regulator Irdai has imposed a Rs 5 crore penalty on Policybazaar Insurance Brokers for certain lapses and also cautioned against violating insurance norms. Policybazaar Insurance Brokers was earlier known as Policybazaar Web Aggregator. Insurance Regulatory and Development Authority of India (Irdai) has also issued direction, advisory and caution to the company, according an official statement. The regulator said a penalty of Rs 5 crore has been impose on M/s Policybazaar Web Aggregator Pvt Ltd (now known as 'M/s Policybazaar Insurance Brokers Pvt Ltd') along with direction, advisory and caution for various violations" established under Insurance Act, 1938 and Rules and Regulations. Policybazaar was founded in 2008 and has sold over 42 million policies since inception.
PB Fintech, Policybazaar, Q1 results preview: PB Fintech will release its Q1 numbers on Thursday, July 31, 2025; here's what analysts expect
Here are the best life insurance policies and their premiums from Policybazar for your benefit
Disclose all extensions, additional structures at the time of purchase
The following plans and premiums are for young male, non-smoker males living in a city
PB Fintech's co-founders Yashish Dahiya and Alok Bansal divested a little over 1 per cent stake in the company for Rs 920 crore through open market transactions. PB Fintech's chief executive Dahiya and Vice Chairman Bansal sold a total of 50.50 lakh shares or 1.09 per cent stake in the company. PB Fintech is the parent of insurtech platform Policybazaar and fintech platform Paisabazar. According to the block deal data on the NSE, Ashish Dahiya offloaded a total of 34 lakh shares in two tranches, amounting to a 0.74 per cent stake in PB Fintech. In addition, Alok Bansal sold 16.50 lakh shares or 0.36 per cent holding in Gurugram-based PB Fintech, as per the data. The combined transaction was valued at around Rs 919.86 crore, executed at an average price of Rs 1,821.50 apiece. After the stake sale, Dahiya's holding in PB Fintech declined to 3.57 per cent from 4.31 per cent, and Bansal's stake fell to 1.04 per cent from 1.40 per cent. Meanwhile, the shares were picked up by a domes
Technical charts suggest that real-estate related shares from Chris Wood's portfolio could see sharper gains going ahead, while PolicyBazaar is likely to trade on a tepid note.
The following plans and premiums are for young male, non-smoker males living in a city
Try bringing condition under control to improve chances of getting coverage
The total Insurance Premium for the quarter was ₹7,030 crore, up 37 per cent Y-o-Y, led by growth in new health
PB Fintech Q4 results preview: Management commentary around growth, margins, and inclusion of PB connect in new initiative business and new health care venture will be keenly watched
PB Health, the healthcare venture of PB Fintech, has raised $218 million to set up a 1,000-bed hospital network in Delhi NCR and drive health-tech innovation
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The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027
InfoEdge's startup portfolio has yielded a 36 per cent gross IRR since 2007, led by Zomato and Policybazaar; total FMV of investments has reached Rs 36,855.4 crore