Policybazaar faces potential business disruption from IRDAI's proposed commission caps, prompting conside ...More

Policybazaar faces potential business disruption from IRDAI's proposed commission caps, prompting consideration of an insurance manufacturing license. Yashish Dahiya, the group chairman of PB Fintech, said the company has shared its concerns with the regulator about the potential impact of such caps on the industry, but added that there is still no clarity on the outcome. ...Less

Happy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the ...More

Happy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. This and more in today’s ETtech Morning Dispatch. ...Less

PB Fintech founders sold shares worth Rs 665 crore. Yashish Dahiya and Alok Bansal offloaded stock on Fri ...More

PB Fintech founders sold shares worth Rs 665 crore. Yashish Dahiya and Alok Bansal offloaded stock on Friday. Major investors like Goldman Sachs and Morgan Stanley bought these shares. This follows previous stake sales by the founders. PB Fintech reported strong revenue and profit growth for the January-March quarter. The company's stock has seen significant fluctuations since its IPO. ...Less

Families need more than ₹1 crore in term insurance. Rising expenses and loans mean a higher cover is esse ...More

Families need more than ₹1 crore in term insurance. Rising expenses and loans mean a higher cover is essential. Experts suggest ₹1.5 crore or more. Buying early offers lower premiums and secures coverage. Policies can be increased later to match growing responsibilities. This ensures financial security for loved ones. ...Less

PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal ...More

PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal. The shares were purchased by various institutional investors, including Goldman Sachs and Tata Mutual Fund, following the company's recent performance. ...Less

The shares were acquired by investors including Goldman Sachs, Morgan Stanley, Hong Kong-based Viridian A ...More

The shares were acquired by investors including Goldman Sachs, Morgan Stanley, Hong Kong-based Viridian Asset Management, Kotak Securities, Tata Mutual Fund, National Pension System Trust, and other domestic and foreign portfolio investors. The transaction was executed at Rs 1,751 per share. ...Less

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 ...More

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wednesday. The shares were sold at Rs 508.55 apiece, with Goldman Sachs, Fidelity, Quant Mutual Fund, WhiteOak Capital, and other institutional investors among the buyers. SoftBank’s stake has now fallen to 9.88%. ...Less

Financial plans often falter not due to lack of planning, but because they don't account for life's uncer ...More

Financial plans often falter not due to lack of planning, but because they don't account for life's uncertainties. The Waiver of Premium feature in investment-linked insurance products ensures that contributions continue even if the policyholder passes away, safeguarding long-term financial goals like a child's education. ...Less

Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, ...More

Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised visits, despite RBI rules prohibiting such practices. Experts say many borrowers are unaware of their rights and grievance mechanisms. RBI guidelines allow complaints against harassment and provide borrower protections, while debt restructuring and one-time settlements can help resolve repayment difficulties and reduce financial stress. ...Less

New health plans cover treatments requiring two hours of hospitalisation, but exclusions remain critical. ...More

New health plans cover treatments requiring two hours of hospitalisation, but exclusions remain critical. ...Less

PB Fintech injected Rs 5 crore into its subsidiary, PB Marketing, to meet net worth requirements for stoc ...More

PB Fintech injected Rs 5 crore into its subsidiary, PB Marketing, to meet net worth requirements for stockbroking and depository participant operations. This strategic move follows Sebi's approval for PB Marketing to act as a debt segment stockbroker on the NSE. ...Less

Nifty recovered but volatility persists, with resistance at 23,650. Analysts recommend buying PB Fintech ...More

Nifty recovered but volatility persists, with resistance at 23,650. Analysts recommend buying PB Fintech (Policybazaar) at Rs 1,749 for an 8% upside and GE Shipping at Rs 1,700 for a 12% upside, citing strong technical breakouts and momentum. ...Less

Many policyholders believe health insurance claims require a 24-hour hospital stay. However, modern polic ...More

Many policyholders believe health insurance claims require a 24-hour hospital stay. However, modern policies cover numerous treatments completed within 24 hours, known as day care procedures. These include surgeries like cataract removal and treatments such as chemotherapy. Policyholders must verify their policy details, including covered procedures and exclusions, to ensure eligibility for these claims. ...Less

Small and midcap stocks rose sharply on Tuesday, lifting broader markets and outperforming benchmarks. Co ...More

Small and midcap stocks rose sharply on Tuesday, lifting broader markets and outperforming benchmarks. Coforge led midcap gains, while Ola Electric topped the smallcap chart. IT stocks rebounded on attractive valuations, and several names across consumer, energy and financial sectors posted strong advances amid improving sentiment despite lingering macro worries. ...Less

War-risk insurance is now available for everyday consumers in the UAE. Insurers are offering new policies ...More

War-risk insurance is now available for everyday consumers in the UAE. Insurers are offering new policies for cars, cargo, and travel. This expansion is driven by ongoing geopolitical tensions. Businesses are also reassessing their coverage for disruptions. Awareness of war-related risks is increasing among consumers and companies. ...Less

SoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominen ...More

SoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola Electric saw their market value drop. This led to substantial paper losses for SoftBank's Vision Fund. Despite overall gains from other investments, the Indian portfolio's performance highlights recent market challenges. SoftBank has been a major investor in India's startup ecosystem. ...Less

Policybazaar's parent, PB Fintech, saw a significant surge in operating revenue to Rs 2,061 crore, driven ...More

Policybazaar's parent, PB Fintech, saw a significant surge in operating revenue to Rs 2,061 crore, driven by online insurance premiums. Net profit also climbed 54% to Rs 261 crore. The company's full-year premium collection reached Rs 29,934 crore, with new initiatives showing strong growth. ...Less

PB Fintech reported a 54% year-on-year rise in March-quarter net profit to Rs 261 crore, driven by strong ...More

PB Fintech reported a 54% year-on-year rise in March-quarter net profit to Rs 261 crore, driven by strong insurance premium growth and improved margins. Revenue climbed 36%, while lending disbursals and renewal income also increased. The company’s agent network expanded significantly, supporting continued momentum across insurance and credit distribution businesses. ...Less

PB Fintech reported a 54% rise in Q4 profit driven by strong insurance premium growth, higher renewal inc ...More

PB Fintech reported a 54% rise in Q4 profit driven by strong insurance premium growth, higher renewal income and steady lending momentum. Revenue surged, margins improved, and full-year performance remained robust with significant expansion across core and new business segments ...Less

Indian markets showed resilience, climbing despite volatility, buoyed by positive global trends and falli ...More

Indian markets showed resilience, climbing despite volatility, buoyed by positive global trends and falling crude oil prices. Analysts anticipate further gains, targeting 24,550 and 24,750. Key companies like BSE, Britannia, and Paytm are in focus due to quarterly results and significant news, including Zee Entertainment's lawsuit and Hyundai's commitment to India. ...Less

Happy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This ...More

Happy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This and more in today’s ETtech Morning Dispatch. ...Less

Freshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5. ...More

Freshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5. ...Less

Paisabazaar has received an order disallowing expenses worth Rs 145.91 crore for FY23 and FY22. The Commi ...More

Paisabazaar has received an order disallowing expenses worth Rs 145.91 crore for FY23 and FY22. The Commissioner of Income Tax (Appeals) upheld an earlier order. This increases the company's taxable income. The matter is under appeal and has no immediate financial impact. The appellate authority will verify the adjustment of past losses against current income. ...Less

NRIs now have a new investment avenue through GIFT City. This international financial hub provides access ...More

NRIs now have a new investment avenue through GIFT City. This international financial hub provides access to global markets and tax-efficient structures. Policybazaar is facilitating NRI investments in US dollar-denominated products. Budget 2025 introduced tax exemptions on maturity proceeds for specific investment-linked insurance policies. ...Less

Mutual funds increased their stakes in new-age companies during the March quarter, despite falling share ...More

Mutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value declines. This move by domestic institutional investors comes as foreign investors divest Indian equities, with funds showing confidence in listed peers' long-term business models and execution. ...Less

Digital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and ...More

Digital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and seeking a valuation between $2-2.5 billion, according to people familiar with the matter. Appointing top investment banks, the company plans to file its prospectus by June. Acko, founded by Varun Dua, offers direct-to-consumer insurance and has significant investor backing. ...Less

Rising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this ...More

Rising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an add-on to existing insurance. A detailed comparison of plans from Care, HDFC Ergo, Aditya Birla, ICICI Lombard, and Niva Bupa helps policyholders choose the best fit for their needs and budget. ...Less

A health plan consists of a base plan and riders or add-ons. Earlier, the base plan comprised fixed featu ...More

A health plan consists of a base plan and riders or add-ons. Earlier, the base plan comprised fixed features that could not be changed, and one could add only 2-3 riders—usually critical illness, personal accident, co-pay/ deductible—at the time of purchasing the policy. ...Less

Bay Capital is launching a Digital Opportunities Fund to invest in public and private digital businesses ...More

Bay Capital is launching a Digital Opportunities Fund to invest in public and private digital businesses in India. Sandeep Barasia and Tej Kapoor will be joining in as cofounders and partners. The Category II AIF will back high-growth companies, working closely with cofounders and focusing on India’s long-term digital future. ...Less

Demand for term insurance among Non-Resident Indians has doubled in two years, with a 35% month-on-month ...More

Demand for term insurance among Non-Resident Indians has doubled in two years, with a 35% month-on-month surge following West Asian tensions. Younger NRIs, aged 25-35, now dominate demand, prioritizing financial protection for families in India amidst global uncertainties. Digital processes and lower costs are driving this trend. ...Less

TCS reported strong Q4 results, driven by robust performance in North America and a weak rupee. This and ...More

TCS reported strong Q4 results, driven by robust performance in North America and a weak rupee. This and more in today's ETtech Top 5. ...Less

Happy Friday! Large companies are fighting early-stage startups in the cross-border payments battleground ...More

Happy Friday! Large companies are fighting early-stage startups in the cross-border payments battleground. This and more in today's ETtech Morning Dispatch. ...Less

Reliance Securities said Policybazaar IPO is valued at 22.1x FY21 book value and 46x on market cap to FY2 ...More

Reliance Securities said Policybazaar IPO is valued at 22.1x FY21 book value and 46x on market cap to FY21 sales, which looks stretched. ...Less

PB Fintech is India’s largest online platform for insurance (PolicyBazaar) and lending (Paisabazaar). ...More

PB Fintech is India’s largest online platform for insurance (PolicyBazaar) and lending (Paisabazaar). ...Less

For Yashish Dahiya and Alok Bansal, their 13-year journey of building Policybazaar as India’s largest ins ...More

For Yashish Dahiya and Alok Bansal, their 13-year journey of building Policybazaar as India’s largest insurance marketplace started even before they launched the company. ...Less

Online insurance aggregator PolicyBazaar has executed yet another secondary share sale, its second in a l ...More

Online insurance aggregator PolicyBazaar has executed yet another secondary share sale, its second in a little over three months, ahead of an IPO planned at $3.5 billion valuation. ...Less

The Policybazaar IPO, which could value the online insurance startup at over $3.5 billion, would involve ...More

The Policybazaar IPO, which could value the online insurance startup at over $3.5 billion, would involve new stocks and secondary shares from existing shareholders. ...Less

Home nursing, physiotherapy, oxygen support—health insurance can cover these for 60-180 days after discha ...More

Home nursing, physiotherapy, oxygen support—health insurance can cover these for 60-180 days after discharge, with conditions. The rest of the bill you’ll need to clear yourself. Here’s how to plan for it. ...Less

PB Fintech reported a significant surge in Q4FY25, with net profit soaring by 185% to ₹171 crore, driven ...More

PB Fintech reported a significant surge in Q4FY25, with net profit soaring by 185% to ₹171 crore, driven by a 38% increase in revenue to ₹1,508 crore. Policybazaar's core online business grew by 31%, contributing ₹877 crore. The company's consolidated PAT for FY25 rose by 448% to ₹353 crore, accompanied by a 37% YoY rise in premium at ₹7,030 crore. ...Less

Offering expected in November-December; startup likely to seek $5-6 billion valuation for IPO ...More

Offering expected in November-December; startup likely to seek $5-6 billion valuation for IPO ...Less

Irdai has levied a Rs 5 crore penalty on Policybazaar Insurance Brokers, formerly Policybazaar Web Aggreg ...More

Irdai has levied a Rs 5 crore penalty on Policybazaar Insurance Brokers, formerly Policybazaar Web Aggregator, due to identified violations of insurance regulations. The regulator issued directions, advisories, and cautions to the company following the findings. This action comes despite Policybazaar's success in selling over 42 million policies since its establishment in 2008. ...Less

Shares of PB Fintech traded in the unlisted market in the range of Rs 2,000-2,300, just a week ago. Howev ...More

Shares of PB Fintech traded in the unlisted market in the range of Rs 2,000-2,300, just a week ago. However, the official IPO details have left the buyers with sleepless nights, who bought shares at 50-60 per cent premium. ...Less

True North’s part exit from PolicyBazaar comes at a time when the insurance aggregator is lining up an in ...More

True North’s part exit from PolicyBazaar comes at a time when the insurance aggregator is lining up an initial public offering (IPO) for some time this year. ...Less

Shares of PB Fintech, the parent firm of PolicyBazaar and PaisaBazaar, rose 22.74% over its IPO price on ...More

Shares of PB Fintech, the parent firm of PolicyBazaar and PaisaBazaar, rose 22.74% over its IPO price on listing day. Here’s how much each investor's stake in PolicyBazaar was worth after today’s close. ...Less

The increased interest in startup IPOs and headroom for further growth in business as well as valuation a ...More

The increased interest in startup IPOs and headroom for further growth in business as well as valuation after the Policybazaar IPO led founders Yashish Dahiya and Alok Bansal to reduc their stake sale by 85-90% in value. ...Less

The SoftBank-backed startup saw bids that were nearly 40 times higher for the anchor slot of its initial ...More

The SoftBank-backed startup saw bids that were nearly 40 times higher for the anchor slot of its initial public offering (IPO), with investors like Fidelity, Baillie Gifford, Dragoneer Group, BlackRock and others also participating. ...Less

The issue has generated mixed recommendations from analysts, with some raising questions over the valuati ...More

The issue has generated mixed recommendations from analysts, with some raising questions over the valuations. However, the majority believe it is an issue worth subscribing to, given the underpenetrated insurance market. ...Less

The Delhi High Court has rejected a plea by Policybazaar, an aggregator of insurance products, seeking to ...More

The Delhi High Court has rejected a plea by Policybazaar, an aggregator of insurance products, seeking to restrain the use of key words identical to its trade marks on Google's AdWords Program by other entities. ...Less

Policybazaar parent PB Fintech has approved a resolution to raise up to Rs 6,500 crore, or $870 million, ...More

Policybazaar parent PB Fintech has approved a resolution to raise up to Rs 6,500 crore, or $870 million, via an IPO, making it the fifth Indian startup to initiate proceedings to list on the national bourses. ...Less

Disclosures made under SEBI SAST (Substantial Acquisition of Shares and Takeovers) Regulations show that ...More

Disclosures made under SEBI SAST (Substantial Acquisition of Shares and Takeovers) Regulations show that Tiger Global Eight Holdings and Internet Fund III sold 182.8 crore shares on November 11. ...Less

Vishal Balabhadruni, BFSI Analyst, CapitalVia Global Research, said the issue seemed to be good for the s ...More

Vishal Balabhadruni, BFSI Analyst, CapitalVia Global Research, said the issue seemed to be good for the short term or listing gains but long-term investors must be cautious. ...Less

New York-based Tiger Global, the most prolific backer of India's booming internet economy, will now hold ...More

New York-based Tiger Global, the most prolific backer of India's booming internet economy, will now hold 30% stake in PolicyBazaar. ...Less

Policybazaar, which helps consumers to compare and buy insurance policies, has witnessed two major invest ...More

Policybazaar, which helps consumers to compare and buy insurance policies, has witnessed two major investments over the last couple of months. ...Less

Its insurance premium grew 52 per cent YoY To Rs 2,430 crore, while credit disbursal grew 136 per cent Yo ...More

Its insurance premium grew 52 per cent YoY To Rs 2,430 crore, while credit disbursal grew 136 per cent YoY. ...Less

The price band for the issue has been set between Rs 940 and Rs 980 a share. ...More

The price band for the issue has been set between Rs 940 and Rs 980 a share. ...Less

Policybazaar has turned profitable in the financial year ended March 31, 2017, and is expected to turn in ...More

Policybazaar has turned profitable in the financial year ended March 31, 2017, and is expected to turn in net profit of about Rs 50 cr during the financial year ended Mar 31, 2018. ...Less

PolicyBazaar, which is backed by Tiger Global, InfoEdge and Premji Invest among others, is looking at mor ...More

PolicyBazaar, which is backed by Tiger Global, InfoEdge and Premji Invest among others, is looking at more domestic investors to join this round to ensure it meets the 51% domestic investment criteria under the Insurance Regulatory and Development Authority of India (Irda). ...Less

Policybazaar’s parent company PB Fintech became the first Indian fintech company to list on local stock e ...More

Policybazaar’s parent company PB Fintech became the first Indian fintech company to list on local stock exchanges today. It had a stellar debut, closing the day with a share price of Rs 1.202.90, 22.74% more than the issue price. ...Less

Policybazaar IPO received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to ...More

Policybazaar IPO received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to NSE data. The price range for the IPO was at Rs 940-980 per share. ...Less

PB Fintech's subsidiary, Policybazaar Insurance Brokers, has received approval to enter the reinsurance b ...More

PB Fintech's subsidiary, Policybazaar Insurance Brokers, has received approval to enter the reinsurance business. It reported a net profit of Rs 37.2 crore in Q3 with revenue from operations of Rs 871 crore. The company plans to apply for a payments aggregator license. ...Less

The Gurugram-based company said that the search operations were linked to some vendors doing business wit ...More

The Gurugram-based company said that the search operations were linked to some vendors doing business with one of PB Fintech’s subsidiary entities. People in the know said that the raids were connected to some vendors who work with PB Partners, the offline insurance distribution business of Policybazaar. ...Less

The insurance regulator upgraded the license of the company's wholly-owned subsidiary Policybazaar Insura ...More

The insurance regulator upgraded the license of the company's wholly-owned subsidiary Policybazaar Insurance Brokers Private Limited to 'Composite Insurance Broker' from 'Direct Insurance Broker' ...Less

Policybazaar has earned Great Place to Work® certification for the second consecutive year, recognizing i ...More

Policybazaar has earned Great Place to Work® certification for the second consecutive year, recognizing its commitment to a purpose-driven, collaborative, and growth-oriented workplace. This honor highlights the company's investment in progressive HR practices and a culture that fosters employee well-being and success, as evidenced by improved attrition rates and comprehensive support initiatives. ...Less

Acko claimed that Policybazaar was using its name as a keyword and therefore, its website was showing up ...More

Acko claimed that Policybazaar was using its name as a keyword and therefore, its website was showing up as a sponsored link whenever someone was searching for 'Acko'. ...Less

From Policybazaar's upcoming IPO to Byju's big acquisition and Netflix's gaming foray, here's a quick loo ...More

From Policybazaar's upcoming IPO to Byju's big acquisition and Netflix's gaming foray, here's a quick look at the top tech news today. ...Less

The present investment seeks to strengthen the financial health of Policybazaar to meet its general opera ...More

The present investment seeks to strengthen the financial health of Policybazaar to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives. ...Less

Policybazaar's Jeeto Apna Ghar (JAG) initiative concluded its fifth season, rewarding top-performing empl ...More

Policybazaar's Jeeto Apna Ghar (JAG) initiative concluded its fifth season, rewarding top-performing employees with houses, cars, and cash incentives. This year marked the expansion of JAG to include service roles, recognizing excellence across the organization. Since its inception, JAG has distributed significant rewards, fostering loyalty and driving performance among Policybazaar's advisors, reinforcing the company's employee-centric culture. ...Less

PB Fintech, the parent firm of insurance marketplace PolicyBazaar, has elevated cofounder and chief finan ...More

PB Fintech, the parent firm of insurance marketplace PolicyBazaar, has elevated cofounder and chief financial officer (CFO) Alok Bansal to executive vice chairman and has invested further in its insurance broking arm. ...Less

The ₹5,710-crore IPO of PB Fintech, that operates Policybazaar, received bids for 57.24 crore equity shar ...More

The ₹5,710-crore IPO of PB Fintech, that operates Policybazaar, received bids for 57.24 crore equity shares against an offer size of 3.45 crore shares. ...Less

Policybazaar helps sell about a million policies a month. The aggregator lets users compare life, health, ...More

Policybazaar helps sell about a million policies a month. The aggregator lets users compare life, health, auto, travel and property policies from 40 insurers on its website without going through conventional agents, who sell based on incentives. ...Less

Jagdish Khattar, managing director, Carnation Auto said, “We have a robust policy of repair over replacem ...More

Jagdish Khattar, managing director, Carnation Auto said, “We have a robust policy of repair over replacement of auto parts, which will help bring down claims ratio for policybazaar.com and out-of-pocket costs incurred by car owners.” ...Less

As per Policybazaar.com, currently, job/income loss insurance covers are not available in the market. Wit ...More

As per Policybazaar.com, currently, job/income loss insurance covers are not available in the market. With this new business line being launched, plans that have the coverage for job/income loss can be compared and easily purchased online by the customers. ...Less

The urge to reinvent himself and seek out new challenges got him a plum position at PolicyBazaar, where a ...More

The urge to reinvent himself and seek out new challenges got him a plum position at PolicyBazaar, where as the CTO and CPO, he heads all things digital, including product, technology, and digital marketing. ...Less

Bay Capital, which manages money on behalf of institutions and endowments from the US and the Europe, has ...More

Bay Capital, which manages money on behalf of institutions and endowments from the US and the Europe, has infused an undisclosed sum into the parent company PB Fintech of Policybazaar.com. ...Less

The two sides are examining how the Japanese company can take a stake without pushing foreign investment ...More

The two sides are examining how the Japanese company can take a stake without pushing foreign investment in PolicyBazaar above 49 percent, the limit under India’s regulatory policies, said one of the people, asking not to be identified because the matter is private. ...Less

Through the sale, Softbank aims to raise Rs 1,000 crore. It is likely to sell 2.2 crore shares via block ...More

Through the sale, Softbank aims to raise Rs 1,000 crore. It is likely to sell 2.2 crore shares via block deal ...Less

Shares end opening day’s trade with 23% gain over issue price ...More

Shares end opening day’s trade with 23% gain over issue price ...Less

The Policybazaar SMS ad, circulated in March 2020, was deemed by IRDAI as “having potential to cause avoi ...More

The Policybazaar SMS ad, circulated in March 2020, was deemed by IRDAI as “having potential to cause avoidable panic among customers”. ...Less

IRDAI has fined Policybazaar Rs 5 crore for various regulatory breaches. As per the IRDAI order, Policyba ...More

IRDAI has fined Policybazaar Rs 5 crore for various regulatory breaches. As per the IRDAI order, Policybazaar promoted specific insurance products unfairly. They ranked products as 'top' without proper justification. The company also delayed remitting premiums to insurers, violating the Insurance Act. Policybazaar also failed to properly map policies to Authorised Verifiers. ...Less

Singh was initially the chief executive of Policybazaar designated as president of Policybazaar Insurance ...More

Singh was initially the chief executive of Policybazaar designated as president of Policybazaar Insurance Brokers, the insurance vertical within PB Fintech. ...Less

The brokerage has initiated coverage on the online insurance broker with a “hold” rating and a price targ ...More

The brokerage has initiated coverage on the online insurance broker with a “hold” rating and a price target of Rs 1,270, which implies a nearly 5 per cent downside from the current market price. ...Less

The new equity financing round has also seen participation from a number of PolicyBazaar's existing inves ...More

The new equity financing round has also seen participation from a number of PolicyBazaar's existing investors, that includes, Tiger Global Management, PremjiInvest and Temasek. ...Less

Existing investors including Info Edge (India) Ltd also participated in the Series F round, ETechAces, wh ...More

Existing investors including Info Edge (India) Ltd also participated in the Series F round, ETechAces, which owns PolicyBazaar and online lending marketplace PaisaBazaar.com. ...Less

Singapore's Temasek is set to invest in popular insurance portal Policybazaar by way of acquiring stake i ...More

Singapore's Temasek is set to invest in popular insurance portal Policybazaar by way of acquiring stake indirectly from its existing shareholder, Info Edge. ...Less

“We are looking to list on Nasdaq by the next financial year,“ said Policybazaar CEO Yahish Dahiya. “We a ...More

“We are looking to list on Nasdaq by the next financial year,“ said Policybazaar CEO Yahish Dahiya. “We are planning to raise $100 million through a public offer,“ he said. ...Less

According to PB Fintech-run Policybazaar, in the last one year, health, term, and motor insurance product ...More

According to PB Fintech-run Policybazaar, in the last one year, health, term, and motor insurance products have witnessed the highest adoption of UPI payments. Meanwhile, credit cards have emerged as the most popular payment method for term insurance products and insurance-cum-savings products, where the ticket size might be on the higher side. ...Less

Investment banking sources told ET that lifestyle retailer Nykaa, which plans to raise ₹5,000 crore, will ...More

Investment banking sources told ET that lifestyle retailer Nykaa, which plans to raise ₹5,000 crore, will likely file its draft red herring prospectus (DRHP) by this weekend. Policybazaar will file its DRHP next week for a ₹6,000-crore IPO. ...Less

Policybazaar's offline business in West Bengal is experiencing rapid growth, constituting nearly 30% of t ...More

Policybazaar's offline business in West Bengal is experiencing rapid growth, constituting nearly 30% of the state's total policy sales with a 60% growth rate. West Bengal is a significant market for term insurance, contributing 26% to the overall policy count. Educated, salaried individuals and young people are the primary insurance buyers, with health and term insurance dominating sales. ...Less

PBFintech has narrowed loss margins in new businesses to 1% from 51% in less than two years. ...More

PBFintech has narrowed loss margins in new businesses to 1% from 51% in less than two years. ...Less

The IPO of PB Fintech, which operates Policybazaar and Paisabazaar, was subscribed 16.59 times last week. ...More

The IPO of PB Fintech, which operates Policybazaar and Paisabazaar, was subscribed 16.59 times last week. The stock listed at a premium of 17.35% to the issue price of Rs 980 per share. ...Less

PB Fintech, parent company of Policybazaar, received board approval to establish PB Health Services, a wh ...More

PB Fintech, parent company of Policybazaar, received board approval to establish PB Health Services, a wholly owned subsidiary focused on healthcare services. This move aims to bridge the trust gap between insurers and hospitals, enhancing claims settlement experiences for Policybazaar's health insurance customers. The announcement previously impacted PB Fintech's share price negatively. ...Less

Policybazaar, which started out as a comparison website that generated leads for insurance companies, has ...More

Policybazaar, which started out as a comparison website that generated leads for insurance companies, has evolved into a platform that allows users to search, buy, renew and lodge claims. ...Less

“When an online company is saying they will need a lot of branches to sell, they are also giving us the m ...More

“When an online company is saying they will need a lot of branches to sell, they are also giving us the message that insurance cannot be purely sold online. ” ...Less

Online insurance aggregator PolicyBazaar has appointed former venture capital investor Sarbvir Singh as i ...More

Online insurance aggregator PolicyBazaar has appointed former venture capital investor Sarbvir Singh as its new chief executive along with cofounder Yashish Dahiya taking up a broader group CEO role. The company has also appointed Sharat Dhall, who was previously with online travel operator Yatra, as its new chief operating officer. ...Less

The company narrowed its losses by over 70% to Rs 87.6 crore in the quarter ended December 31, compared t ...More

The company narrowed its losses by over 70% to Rs 87.6 crore in the quarter ended December 31, compared to Rs 298 crore in the same period last year. ...Less

AWI buys TrueNorth stake in online insurance firm, may bring primary capital in $50-100 million round ...More

AWI buys TrueNorth stake in online insurance firm, may bring primary capital in $50-100 million round ...Less

At present, the company has over 800 people spread across functions like help desk quality of service, HR ...More

At present, the company has over 800 people spread across functions like help desk quality of service, HR and administration. ...Less

PB Fintech, which owns the online insurance policy platform Policybazaar and online lending platform Pais ...More

PB Fintech, which owns the online insurance policy platform Policybazaar and online lending platform Paisabazaar, plans to raise Rs 3,750 crore through fresh issue of shares and up to Rs 1,960 crore through offer for sale. ...Less

Although the company doesn't require capital for business expansion, it may raise some funds as a buffer ...More

Although the company doesn't require capital for business expansion, it may raise some funds as a buffer for unforeseen events, Policybazaar.com Group CEO and co-founder Yashish Dahiya told PTI. ...Less