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BUZZ — India's Turtlemint slips after regulator proposes insurance commission curbs

* Shares of insurance distribution platform Turtlemint Fintech Solutions down 20% at 109.04 rupees, their biggest intraday pct drop since company listed on June 29 * Stock also at its lowest level since debut * India's insurance regulator, in a consultation paper released on September 23, proposed reintroducing commission caps across life, health, and motor insurance * Reforms could disrupt existing distribution models, weighing on growth in an industry that relies on agent bancassurance channels for business, say analysts * Shares of the company down ~72% since listing (Reporting by Saikeerthi in Bengaluru) ((Saikeerthi@thomsonreuters.com; (+91) 8296756080)

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