Online insurance distributor Policybazaar expects a major disruption in its business if the Insurance Regulatory and Development Authority of India (IRDAI) brings in caps on distributor commissions, as it says the move can fundamentally alter the economics of the business.
Yashish Dahiya, the group chairman of PB Fintech that runs insurance marketplace Policybazaar, said the company could evaluate an insurance manufacturing licence that will allow it to design, underwrite and sell policies, if its core distribution business gets disrupted by regulatory moves.
