India's next health insurance growth wave will come from smaller cities, says PB Fintech's Sarbvir Singh
PB Fintech is in focus for FY22.
· Business Today Mkts
PB Fintech's Sarbvir Singh says first-time buyers in Tier 2 and 3 cities will drive India's next phase of health insurance growth. With fresh lives insured on Policybazaar rising 277% since FY22, he stressed that policy transparency and claims support will be crucial to retaining customers.
Key facts
- Period
- FY22
The analysis
PB Fintech reported movement of 277% for FY22. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.8% on the day at ₹983.50, and has returned -43.7% over three months. It sits 50% below its 52-week high, which means a good deal of bad news was already in the price. The insurance sector has moved -9.2% over the same period, so PB Fintech is running 34.5 points behind its peers.
For PB Fintech, the question is how much of this is already reflected in the price and how much re-rates the insurance peer set alongside it.
Market context
- In focus: PB Fintech (POLICYBZR), in Insurance.
- Over three months: PB Fintech -43.7% against Insurance -9.2% (34.5 points behind).
- At least 25% below the 52-week high: PB Fintech (50%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| PB FintechPOLICYBZR · Insurance | ₹983.50 | +0.8% | -3.6% | -43.7% | -49.8% | 0.5× | — |
Insurance
1M -0.1% · 3M -9.2%
PB Fintech
Prices as of 12 Nov 2026, 13:08 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Stock Market Today: Sensex Gains Over 100 Points, Nifty 50 Above 25,250; HDFC Life, Bajaj Twins, Shriram Finance Lead
ICICI Life, HDFC Life rally up to 5%; what's driving insurance stocks?
MSCI November Rejig: Coforge, LIC, Adani Green Among Likely Additions; Meesho Also In Focus
HDFC Life Share Price Live Updates: HDFC Life Price Movement Today
HDFC Life Strengthens Position Among Street Favourites After Robust October Growth; Axis Max Life Follows