PB Fintech Limited’s insurance premiums grew in the September quarter while promotion costs rose faster than revenue, highlighting a faster-growing expense line alongside the company’s expansion.
PB Fintech, the parent of Policybazaar and Paisabazaar, recorded ₹9,385 crore in total insurance premiums over July through September 2026, up 38% year over year. New health premiums increased 46%, while new protection premiums, which include health and term policies, rose 42%. The company excludes goods and services tax (GST) from its India insurance premium figures.
Unaudited consolidated results approved Oct. 30 show operating revenue of ₹2,177.71 crore, 35% higher than a year earlier. Profit for the period rose to ₹192.39 crore from ₹134.89 crore, an increase of 42.6%. EconoTimes previously covered the quarter’s profit and margin in its report on the results.
Advertising and promotion expense reached ₹446.69 crore, up from ₹280.10 crore a year earlier, an increase of about 59%. Total expenses increased about 33% to ₹2,067.66 crore from ₹1,558.82 crore.
The results also showed growth in lending: core credit revenue rose 19% to ₹125 crore, and core credit disbursals increased 22% to ₹2,791 crore. Total lending disbursals were ₹4,739 crore.
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed changes to insurance distribution economics. The regulator says the review aims to lower the costs of selling and administering insurance while improving value for policyholders. IRDAI extended the feedback deadline to Oct. 31, 2026. If adopted, the proposals could reduce distributors’ commissions; the regulator says lower distribution costs could benefit policyholders. The consultation is not a final rule.
