IRDAI's Insurance Overhaul Triggers Day-2 Rout as PB Fintech Tumbles 39% and Analysts Predict 30% Revenue Hit

39% — that's how much PB Fintech, Policybazaar's parent, has cratered across two brutal sessions since IRDAI dropped its proposed insurance distribution overhaul, wiping out roughly ₹25,000 crore in market value in a single day and dragging the stock to a fresh 52-week low of ₹1,115.

Money Moves

• Turtlemint locked at 20% lower circuit — The insurtech brokerage hit an all-time low of ₹87.30, down ~35% since the consultation paper landed, now worth...