PB Fintech (Policybazaar) POLICYBZR
Capital Markets: India's largest online insurance marketplace (PolicyBazaar) and a credit marketplace (Paisabazaar) - the distribution layer for protection products
Mapped in 2 themes: Hospitals & Healthcare and Capital Markets.
Where PB Fintech (Policybazaar) sits in the supply chain
PB Fintech (Policybazaar) appears in 2 supply-chain layers across 2 themes: Hospitals & Healthcare and Capital Markets.
Hospitals & Healthcare › Digital health & hospital capital
Emerging entrantIndia's largest online insurance marketplace - a major channel for new retail health policies - and, through PB Healthcare, a new entrant building hospitals in NCR
Other companies in this layer
Capital Markets › Fund & insurance distribution
OperatorIndia's largest online insurance marketplace (PolicyBazaar) and a credit marketplace (Paisabazaar) - the distribution layer for protection products
Other companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,425 | 2,558 | 3,438 | 4,977 | 6,794 |
| Net profit | −833 | −488 | 64 | 352 | 670 |
Latest-year revenue ₹6,794 Cr (FY26, company-wide).
Strengths · in Capital Markets
- Dominant share of online health and term-insurance sales, with renewals building a recurring base
- Turned profitable as renewal income and the offline-assisted model scaled
- PB Health (hospital network) and UAE business extend the platform
Risks · in Capital Markets
- IRDAI commission and expense-of-management rules can cap payouts
- Heavy marketing spend; PB Health investments dilute near-term margins
- Insurers building their own digital channels
Common questions
What does PB Fintech (Policybazaar) do?
In Capital Markets: India's largest online insurance marketplace (PolicyBazaar) and a credit marketplace (Paisabazaar) - the distribution layer for protection products. NextResearch maps it in 2 supply chains: Capital Markets and Hospitals & Healthcare.
Where does PB Fintech (Policybazaar) sit in the supply chain?
PB Fintech (Policybazaar) (NSE: POLICYBZR) is mapped in 2 supply-chain layers: Digital health & hospital capital (Hospitals & Healthcare) and Fund & insurance distribution (Capital Markets).
Who are PB Fintech (Policybazaar)'s peers?
In the Fund & insurance distribution layer of Capital Markets: Prudent Corporate Advisory Services, NJ India Invest (not NSE-listed), Groww (Billionbrains Garage Ventures), Anand Rathi Wealth and Angel One.
What is PB Fintech (Policybazaar)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹44,836 Cr, P/E 55.6x, ROCE 10.3%, ROE 9.8%, dividend yield 0%.