IRDAI's Commission Axe: Insurance regulator proposes sweeping overhaul of distribution economics — caps on commissions, five-year glide path to lower expense ratios, and delinking insurance from home/motor loans. Public comments due October 25.
PB Fintech Wiped Out: Policybazaar parent crashed 36% in its worst single-day drop since listing, erasing over ₹31,000 crore in market value. Turtlemint fell 20%, Max Financial and HDFC Life dropped up to 12%.
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