PB Fintech's wholly-owned subsidiary, Policybazaar, faces a Rs 5 Cr penalty from IRDAI.

This action addresses violations related to director appointments for key personnel, product display practices, outsourcing agreements, policy tagging, and premium remittance.

Crucially for investors, the company states the financial impact is limited to this penalty.

No impact is expected on Policybazaar's ongoing operations or other business activities.

IRDAI has also provided additional directions, requiring time-bound compliance.