More Stories

Informist, Friday, May 16, 2025

 

Please click here to read all liners published on this story

--PB Fintech:Health insurance business still has scope to catch up with life 
--CONTEXT: Comments by PB Fintech's management at post-earnings analyst call 
--PB Fintech: Confident health business will do well in FY26 
--PB Fintech: See some stress in savings business, working to make it grow 
--PB Fintech: Confident credit business will do well in FY26 
--PB Fintech: See slowdown in savings business to persist in Q1, Q2 of FY26 
--PB Fintech: Will try to revamp pension plan to grow in future 
--PB Fintech: Need to drive industry-wide growth in term insurance 
--PB Fintech: Experimenting in every sector, taking help of AI 
--PB Fintech: Will go deeper, expand secured credit distribution

 

By Priyasmita Dutta and Vaishali Tyagi

 

NEW DELHI – PB Fintech Ltd. is confident that the growing health insurance business will help the company counter the slowdown in savings business that is expected to persist in Apr-Sept of 2025-26 (Apr-Mar), Chairman and Group Chief Executive Officer Yashish Dahiya said in a post-earnings analyst call.

 

"While the health business continues to grow strongly, we see slowdown in our savings business amidst broader market conditions," Dahiya said Friday. "The health business has surprisingly continued to grow. By now, I would have expected it to slow down a little bit. But now it's been nine quarters and it's been growing very, very strong," he said. 

 

PB Fintech's consolidated net profit for the March quarter rose sharply by 182% on year to INR 1.71 billion and sequentially, it was up 139%. PB Fintech owns insurance as well as loan aggregator platforms Policybazaar and Paisabazaar. At 0927 IST, shares of the company were up 2.2% at INR 1,815 on the National Stock Exchange. 

 

Policybazaar sourced INR 70.30 billion of insurance premium in Jan-Mar, up 37% on year, reaching a total of INR 234.86 billion for FY25. Health and life insurance new premiums grew 48% on year in FY25. It sold 52.6 million policies and had 104.8 million registered consumers as of Mar. 31.

 

According to Dahiya, the savings business "is very challenged" at this point and the company is "struggling to grow and thinking very hard on that". The slowdown is expected to continue in the Apr-Jun and Jul-Sept quarters at least, he said. 

 

While health insurance is doing well and is expected to do so in FY26 as well, the chairman said the business still had scope to catch up with the life insurance business. He explained that based on industrywide trends, term insurance makes up around a third of health insurance, but for PB Fintech, both the segments have comparable growth. "I think, within our own setup, health has at least a doubling to do to catch up with term," Dahiya said.

 

Even on term insurance, Dahiya said the industry needs to growth further considering India's limited protection cover. PB Fintech's endeavour will be to revamp and bring back products that have given good protection cover to customers and driven business growth. "We are focused on bringing back products that have done well for us in these kind of market conditions like our capital guarantee solution, pension products," he said. 

 

On the lending side, the group CEO said credit disbursal was expected to do well in FY26. "This year, we will expand the secured area, and we will do home loans, toll against cards. So, these are the areas we will expand in," he said. 

 

In Jan-Mar, Paisabazaar saw loan disbursals of INR 76.52 billion. For FY25, disbursals were to the tune of INR 204.65 billion, higher than INR 148.08 billion the year earlier. The disbursals were driven by secured lending, while the unsecured and credit card book saw some moderation. The company said it expected this moderated growth to be back by the second half of the current financial year.  End

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.