PB Fintech, popularly known as Policybazaar, was established on June 4, 2008. Over the years, the company has emerged as a leading name in the insurance and financial services sector in India. Recently, PB Fintech made headlines with a significant announcement regarding its Employee Stock Option Plan (ESOP).

ESOP Pool Size

On December 4, 2024, the company revealed through an exchange filing that its board had approved the allocation of 29.9 lakh stock options under the ESOP Scheme 2024. This decision marks a notable increase in the ESOP pool size, which has been expanded to accommodate 29,92,427 stock options.

This move reflects PB Fintech's commitment to rewarding and incentivizing its employees by providing them with a stake in the company’s growth. By increasing the ESOP pool size, the company aims to attract, retain, and motivate top talent, which is crucial for sustaining its market leadership and driving innovation in the insurance and fintech sectors.

Strategic Decision

PB Fintech’s strategic decision aligns with its growth objectives and underscores its confidence in the company's future trajectory. The allocation of nearly 30 lakh stock options is expected to boost employee morale and foster a sense of ownership among the workforce.

As a pioneer in the online insurance marketplace, PB Fintech continues to set benchmarks in the industry, leveraging technology and customer-centric solutions. This latest development is a testament to its proactive approach in empowering employees and achieving long-term business goals.

0.64% Less Profit 

Another big news related to the company is that this morning on 5th December 2024, the stock market showed 0.64% less profit compared to yesterday.

Author Opinion 

PB Fintech is also known as Policy Bazaar today. Recently news has come out according to which the company is working on increasing its ESOP pool size. But today the stock could not give good performance in the market, this will be a big decision from company side.