IRDAI's commission reset impact; ETSA winner Progcap’s next bet
Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech Morning Dispatch.
IRDAI's proposed insurance commission caps, which could affect the earnings of companies like PB Fintech, Turtlemint and InsuranceDekho, are likely to squeeze the industry, according to industry executives and analysts. The overhaul plan, aimed at regulating insurers' payment of commissions to distributors, will tie limits to the type of product, distribution channel, policy size, and effort required to sell.
Banks and NBFCs, which rely heavily on bancassurance fees, could face a 4-8% hit, while shares of PB Fintech, Turtlemint, SBI Life Insurance, HDFC Life Insurance, and ICICI Lombard General Insurance took a significant plunge on Thursday. Progcap, a supply-chain financing startup founded in 2017, plans to integrate payments into ProgComm, its commerce platform, with CEO Pallavi Shrivastava winning the Woman Ahead category at the ET Startup Awards 2026.
Meanwhile, the Trump administration's extension of H-1B restrictions has prompted Indian tech firms to reconsider their US talent deployment strategy.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
