Indian insurance stocks tumble as IRDAI proposes commission caps; ₹85,000 crore wiped off top financial stocks

Indian insurance and financial stocks fell after IRDAI's draft rules proposed hard caps on agent and broker commissions, mandatory commission disclosures and a 5% motor insurance fee cap on platforms like Bima Sugam. Policybazaar fell 20%, Max Financial 11%, L&T Finance 7%, HDFC Life 6%, with about ₹85,000 crore of wealth erased across top financial stocks.

Detected & updated continuously · Source: Nebula