PB Fintech’s wholly owned subsidiary -- Policybazaar Insurance Brokers has received in-principle approval from Insurance Regulatory and Development Authority of India (IRDAI) for upgradation of license from Direct Insurance Broker (Life & General) to Composite Insurance Broker under IRDAI (Insurance Brokers) Regulations, 2018. This will allow company to deepen the insurance penetration in the country by bringing more technology, process control and data analytics based innovation into re-insurance capacity.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.