Policybazaar hit with ₹5 crore fine for regulatory lapses; tagging, remittance issues cited; operations remain unaffected, says PB Fintech.

• IRDAI flagged issues like directorship conflicts, policy tagging, and premium remittance after a 2020 inspection.
• PB Fintech received a show-cause notice in October 2024; final penalty order issued after hearings in Aug 2025.
• Policybazaar’s services continue as usual, but PB Fintech shares fell 2.3% following the penalty announcement.