GENERAL24 Sept 2026
₹85,000 crore gone! PB Fintech to HDFC Bank — these 5 financial stocks witness highest wealth erosion on IRDAI's move | Stock Market News
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed new rules on how insurers and distributors get paid. Commissions would be capped, including 15%-20% for new health policies and 5%-20% for first-year life cover. Banks couldn't force you to buy insurance with a loan. The news wiped about ₹1.12 lakh crore off financial stocks. Wait for final rules before changing plans.
Key Statutory Highlights
- IRDAI has proposed linking commissions to the type and complexity of insurance products, with tighter limits across health, motor and life insurance.
- The proposed caps include 15%-20% for new health policies, 5%-10% for health renewals and porting, and 5%-20% for first-year life insurance commissions based on the premium payment term.
- The selloff erased around ₹1.12 lakh crore in market capitalisation across 12 financial stocks, with Bajaj Finance losing about ₹29,000 crore and PB Fintech nearly ₹20,000 crore.
Actionable Advice for Taxpayers / Founders:If you bought insurance bundled with a loan, check whether it was genuinely required and what commission was built into the price. Since these are only proposals so far, wait for IRDAI's final rules before making any changes, and consider checking with your adviser.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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