Listen to this article in summarized format
Loading...
××
Subscribe to
Unlock AI Briefing and Premium Content
Subscribe NowWhat's Included
- Exclusive Stories
- Daily ePaper Access
- Smart Market Tools
- Curated Investment Ideas
- Ad-lite Experience
Subscription
The Pension Fund Regulatory and Development Authority (PFRDA) is looking to push pension adoption among private sector employees beyond its traditional base of government workers, its chairman S Ramann told ET on Tuesday.
The regulator is working on strengthening the distribution of pension products to achieve this, he said on the sidelines of the launch of Pensionbazaar, a marketplace focused on pension products housed under listed firm PB Fintech.
The pension sector has moved from defined benefit to defined contribution, Ramann noted.
“Much of what PFRDA has done is to create that entire ecosystem with collection agencies, pension funds and record-keeping agencies, which provide the digital backbone,” he said. “The real shift that we’re now doing is to make all of India understand that they need pensions.
The regulator has already undertaken several reforms, “including rolling out of flexible products that can suit different pockets,” Ramann said. “Now, we’re trying to crack the hard part, which is distribution.”
PB Fintech founder and group CEO Yashish Dahiya said the Gurgaon-based company will invest “meaningful capital” into its pension business.
“At some point, pension is going to be our biggest category along with health,” Dahiya told ET.
“We do about Rs 8,000 crore of savings products. Living is a big part of this, so some solutions around retirement would be developed,” he noted.
“We’ve discussed putting capital into this, and we know we won’t get an immediate return,” Dahiya said.
PB Fintech is the parent company of insurance distributor Policybazaar. For the second quarter of fiscal 2026, the company’s profit surged 2.6-fold year-on-year, while its operating revenue grew by 20%. The company’s revenue from operations rose to Rs 1,613 crore during the quarter, while its net profit surged to Rs 135 crore. The profits were driven by robust insurance demand and tighter cost control helped lift profits and boost efficiency across the board.
PB Fintech’s share ended 2.2% lower from previous close at Rs 1,638.40 on the BSE on Tuesday.
The regulator is working on strengthening the distribution of pension products to achieve this, he said on the sidelines of the launch of Pensionbazaar, a marketplace focused on pension products housed under listed firm PB Fintech.
The pension sector has moved from defined benefit to defined contribution, Ramann noted.
“Much of what PFRDA has done is to create that entire ecosystem with collection agencies, pension funds and record-keeping agencies, which provide the digital backbone,” he said. “The real shift that we’re now doing is to make all of India understand that they need pensions.
The regulator has already undertaken several reforms, “including rolling out of flexible products that can suit different pockets,” Ramann said. “Now, we’re trying to crack the hard part, which is distribution.”
PB Fintech founder and group CEO Yashish Dahiya said the Gurgaon-based company will invest “meaningful capital” into its pension business.
“At some point, pension is going to be our biggest category along with health,” Dahiya told ET.
“We do about Rs 8,000 crore of savings products. Living is a big part of this, so some solutions around retirement would be developed,” he noted.
“We’ve discussed putting capital into this, and we know we won’t get an immediate return,” Dahiya said.
PB Fintech is the parent company of insurance distributor Policybazaar. For the second quarter of fiscal 2026, the company’s profit surged 2.6-fold year-on-year, while its operating revenue grew by 20%. The company’s revenue from operations rose to Rs 1,613 crore during the quarter, while its net profit surged to Rs 135 crore. The profits were driven by robust insurance demand and tighter cost control helped lift profits and boost efficiency across the board.
PB Fintech’s share ended 2.2% lower from previous close at Rs 1,638.40 on the BSE on Tuesday.