Insurance stocks crash: PB Fintech, Turtlemint shares fall up to 20% on IRDAI draft - Is this a buying opportunity?
Insurance and insurance-linked stocks sold off sharply on Thursday, September 24, in reaction to the draft paper on distribution reforms issued by the insurance regulator IRDAI on Wednesday evening.Shares of Piramal Finance fell as much as 20%, while those of PB Fintech, L&T Finance, and Max Financ…