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"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. Also Read: PB Fintech forced to rethink business plan as India insurance commissions cap comes as a major shocker The company said lower distribution commissions could alter the economics of its existing model and make insurance manufacturing a more relevant strategic option. Under the commission framework proposed by the Insurance Regulatory Authority of India (Irdai), there would be product-level commission caps. In general insurance, the proposed first-year commission on individual health policies is 15% against the prevailing commission of around 30% for distribution entities and 20% for agents. Renewal and portability commissions are proposed to be capped at 5% and 10%, respectively. Dahiya termed the Irdai proposals "quite extreme". PB Fintech's management said a distributor with a large customer base could have an advantage if it eventually entered manufacturing, as it would already have access to a sizeable distribution network. However, the company said the economics would need to work for both itself and its partners. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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