SBI Life, LIC face least impact from new commission caps by IRDAI, says Harshal Mehta

AMSEC's Harshal Mehta breaks down winners and losers from India's new insurance commission caps — SBI Life and LIC face the least impact, while HDFC Life and Max could gain if banks shift to closed architecture. PB Fintech's fair value may be ₹900-1,000.