The Insurance Regulatory and Development Authority of India is considering certain modifications to draft distribution paper, sources told CNBC-TV18 on November 13.
Consequently, PB Fintech shares were trading nearly 5% higher.
New draft paper on distribution reforms is likely by mid-December and the new paper will be made based on feedback received, the channel reported.
A news report said IRDAI received more than 2 lakh responses on its paper.
PB Fintech shares crashed in late September after IRDAI released a consultation paper proposing sweeping changes to insurance distribution, including commission caps across health, motor and life insurance. The proposed framework has raised concerns over the economics of online insurance distribution and the potential impact on Policybazaar's revenue and profitability.