Persistency dips in life insurance
Persistency ratios declined across certain cohorts, in line with industry trends, which could impact future VNB if not reversed.
BAJAJFINSERV / Q4-FY26 / risks
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Bajaj Finserv · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Elevated claims in government health business
Underwriting losses widened due to higher claims from government health schemes, though management considers it a timing variance.
Competitive intensity in motor and group health
Analyst raised concern about pricing pressure; management acknowledged but said they will reduce exposure where pricing is inadequate.
Regulatory uncertainty on IFRS 17 transition
Management cited lack of clarity on IFRS 17 assumptions and tax implications, leading to forbearance request; could cause reporting volatility.