Lower commissions could push Policybazaar into insurance manufacturing: Yashish Dahiya

Mumbai | New Delhi: Policybazaar parent PB Fintech said the proposed changes to insurance distribution economics could make it harder to justify remaining solely a distributor and increase the attractiveness of entering insurance manufacturing, which would allow it to design, underwrite and sell policies. The company said it would wait for more regulatory clarity on the proposal.

“I never wanted to be in manufacturing, but I think now this (proposal) has almost forced us to (do that),” PB Fintech cofounder and group chairman Yashish Dahiya said during an investor call on Thursday.