Thanks Jaiprakash for sharing your thoughts and its been extermely informative. I do have a question on the rationale behind bying PB Fintech. I was also very much interested in this stock for a time being, one because I used to buy policies from PB and also thought this would be the future. However two things have changed my perspective recently.
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I was recently looking to get a insurance for my two wheeler and I stumbled on PhonePe comparison service just like PB and to my surprise, the rates were lower than PB. And similarly, when i was in the market for buying health insurance, again the previous policy was from PB, but the rates & features I got from Acko were far superier. So that made me think that PB model is doesnt have any MOAT as the same feature is available in Phonepe and other would do the same in near future…
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There was an excellent interview podcast from Varun Dua of Acko, hosted by The Ken, as part of First Princples podcast series. In this Varun makes a clear point to say, why the current model of agent/PB type of model is not good for consumers and long term, all insurance companies will need to build their own repositeries of customers to offer better product/value.
So would be keen to hear your thoughts the above. Again, not being critical on PB, but just trying to clear my doubts on the business model and ablity to succed against future competition.
Thanks
Sathish
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