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PB Fintech is launching a wholly-owned subsidiary, potentially named 'PB Healthcare Private Limited,' to enhance healthcare services in India, with an investment of up to USD 100 million. The initiative aims to address inefficiencies in the insurance ecosystem, improve trust among stakeholders, and focus on the lifetime value of customers rather than traditional revenue models. The company plans to partner with hospitals and insurers to standardize operations and reduce claims discrepancies, potentially accelerating industry growth by 5% annually.
The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.
Zomato will replace JSW Steel in the Sensex index starting December 23, as announced by BSE. Additionally, several changes will occur in other indices, with companies like Ashok Leyland and IDFC First Bank being dropped from BSE 100, while Jio Financial Services and others will be added. In the BSE SENSEX 50, HDFC Life, BPCL, and LTI Mindtree will be replaced by Zomato, Jio Financial, and HAL.
PB Fintech shares fell over 1% on November 11 after UBS downgraded the stock to 'Sell' from 'Neutral', while raising the target price to Rs 1,550. Despite a strong Q2FY25 performance, concerns over slower credit disbursements were highlighted, although the company is expected to achieve EBITDA break-even by FY27. The stock has rallied 121% over the past year, significantly outperforming the Nifty's 74% rise.
PB Fintech's stock rose by 2% on November 6 after the company reported strong Q2 earnings, marking its fourth consecutive profitable quarter. Operational income surged 44% year-on-year to Rs 1,167 crore, with net profit increasing to Rs 51 crore from a loss of Rs 21 crore a year earlier, driven by a 69% growth in health and life insurance premiums totaling Rs 5,450 crore. However, the credit business experienced a revenue decline due to a shift in the product mix between secured and unsecured credit.
India has made significant strides in public health, notably achieving polio-free status in 2014 and executing a large-scale COVID-19 vaccination drive. However, with medical inflation at 14%, the Ayushman Bharat PM-JAY scheme aims to provide health insurance for the bottom 50% of the population. The evolving healthcare landscape was discussed by industry experts on ‘The Insurance Show’, focusing on improving affordability, availability, and access.
India's demographic dividend, with 67% of its population in the working age, faces challenges as education costs soar, increasing by 11-12% annually. This inflation, coupled with a depreciating rupee, complicates long-term financial planning for families. Experts emphasize the importance of child insurance plans to secure financial futures amidst these uncertainties.

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