PB Fintech Limited's platform Paisabazaar plans to generate 30% of its revenue from non-credit products within two years by expanding into fixed deposits, corporate bonds, mutual funds and AI-led advisory for middle-income customers.

PB Fintech Limited, operator of Policybazaar, is expected by Elara Securities to report about 32% year-on-year revenue growth and net profit of about Rs 190 crore on retail health and protection momentum, while Nomura expects 30% premium growth, as investors watch IRDAI proposals on commissions and expenses of management caps.

Nomura cut its target price on PB Fintech Limited to Rs 1,100 from Rs 1,590 and retained a Neutral rating, citing proposed insurance distribution commission caps. Nomura trimmed its FY28 and FY29 net profit estimates for PB Fintech Limited by 72% and 51% and cut insurance premium estimates by 13% and 19%, assuming exit from the point-of-sales person business.