PB FinTech , the parent company of popular financial services platforms Policybazaar and Paisabazaar, has taken a significant step to support its wholly-owned subsidiaries. The company has executed loan agreements to provide substantial financial backing to both Policybazaar Insurance Brokers Private Limited and Paisabazaar Marketing and Consulting Private Limited.

Loan Details

Both loans carry an interest rate of 12% per annum and have a repayment term of one year, which can be extended by mutual agreement.

Purpose of the Loans

For Policybazaar, the funds will be utilized towards specified objects as outlined in the company's IPO offer document. In the case of Paisabazaar, the loan will be funded from both IPO and non-IPO sources, aimed at meeting IPO objectives and covering other expenses.

Current Disbursements

PB FinTech has already disbursed a portion of the loans:

The remaining amounts to be disbursed under these agreements are:

Transaction Classification

Both transactions have been classified as related party transactions and are reported to be conducted at arm's length. This classification is important for maintaining transparency and ensuring compliance with regulatory requirements.

Loan Terms

The loan agreements include the following key terms:

1. Interest Rate: 12% per annum for both subsidiaries
2. Repayment Term: 1 year from the date of disbursement
3. Prepayment Option: Both borrowers can prepay all or part of the loan along with unpaid or accrued interest at any time without penalty
4. Extension Possibility: The loan duration can be mutually extended for a further period as agreed in writing
5. Repayment on Demand: The loans are repayable to PB FinTech on demand at any time during the loan duration, at the end of the term, or at termination, whichever is earlier

Impact and Implications

This strategic move by PB FinTech demonstrates its commitment to supporting the growth and operations of its key subsidiaries. The substantial loan amounts suggest confidence in the future prospects of both Policybazaar and Paisabazaar.

By providing these unsecured loans, PB FinTech is enabling its subsidiaries to pursue their business objectives more aggressively, potentially leading to enhanced market presence and financial performance in the coming year.

Investors and market watchers will likely keep a close eye on how these funds are utilized and the subsequent impact on the performance of Policybazaar and Paisabazaar in the financial services sector.

PB FinTech , the parent company of Policybazaar and Paisabazaar, has reported strong financial results for the first quarter of fiscal year 2026, demonstrating significant growth in revenue and profitability.

Financial Highlights

• Total revenue grew by 33% year-over-year to ₹1,348.00 crore in Q1 FY26
• Profit After Tax (PAT) surged by 347% to ₹85.00 crore, compared to ₹19.00 crore in Q1 FY25
• PAT margin improved to 6%, up from 2% in the same quarter last year
• Core online insurance revenue increased by 37% to ₹732.00 crore
• Insurance premium grew by 36% year-over-year to ₹6,616.00 crore

Operational Performance

The company's core insurance business showed strong growth, with online new health insurance premiums rising by 65% year-over-year. PB Fintech's renewal and trail revenue on a 12-month rolling basis reached ₹725.00 crore, marking a 43% growth compared to the same period last year.

New Initiatives and Market Expansion

PB Fintech continues to strengthen its leadership in new initiatives, with revenue growth of about 50% year-over-year. The company's UAE insurance premium grew by 68% year-over-year, aligning more towards health and life insurance products.

Customer Satisfaction and Service

The company maintained a high Customer Satisfaction Score (CSAT) of over 90% for its insurance business. PB Fintech's PB Partners platform, which enables independent sellers of insurance and other financial products, now covers 99% of pin codes in India, with Tier 2 and Tier 3 cities contributing 77% of the business.

Strategic Investments

During the quarter, PB Fintech invested ₹539.40 crore in PB Healthcare Services Private Limited, diluting its stake to 40.32%. As a result, PB Healthcare Services is now classified as an associate company rather than a subsidiary.

Regulatory Developments

PB Pay Private Limited, a wholly-owned subsidiary of PB Fintech, received in-principle authorization from the Reserve Bank of India to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007.

Yashish Dahiya, Chairman and Chief Executive Officer of PB Fintech, commented on the results, stating, "Our focus on protection products and digital innovation continues to drive our growth. The strong performance in Q1 FY26 reflects the increasing trust consumers place in our platforms and the value we bring to the insurance and financial services ecosystem."

As PB Fintech continues to expand its reach and diversify its offerings, the company remains well-positioned to capitalize on the growing demand for digital financial services in India and beyond.