BAJAJFINSV / Q2-FY26 / claim-ledger

Audit the questions that mattered.

Bajajfinsv · Analyst questions, management answers, and the quality of the response where the ledger is available.

Research layer active

ConCallIQ research layer

Signal, with the source still visible.

Use the controls below to narrow the view, then follow the evidence into the next layer of context.

PositiveQ2-FY26 · 2025-10-30Back to quarter ↗

Questions audited

Answered directly

42%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Mehak Rohra · Emkay Global

direct

Breakup of 140 bps GST impact on NBM and mitigation plans.

On H1 basis, the impact on NBM is 140 basis points on account of GST. 50 basis points of this impact is backbook... Rest, 90 basis points is for the business that was written from 22nd September- 30th September.

Mehak Rohra · Emkay Global

partial

Mitigation of GST ITC impact on NBM.

Some actions we have already taken on... product structures and product mixes... We are also in discussion with distribution on how to take this burden of GST... We expect another two quarters for settling this entire process.

Sanketh Godha · Avendus Spark

direct

Breakdown of 7% margin improvement in BALIC.

Cost would be about 100-125 basis points. Product mix would be about 400 basis points. That is broadly, I could talk to you about 500-525 basis points. I think rest would be multiple line items there.

Sanketh Godha · Avendus Spark

evasive

Full-year margin outlook for BALIC after GST impact.

I think at this point of time, I would not want to hazard a guess whether it will be 4%, 6%, or 7% margin expansion... Had that not been there, I think our confidence level in terms of margins that we have been saying that it should expand in the range of 4%-6% in this year would have definitely happened.

Sanketh Godha · Avendus Spark

partial

Growth outlook for BALIC in H2 FY26.

The studied strategy that we had on a flattish four quarters is over, and that ended September. Here on, you should see a significant trajectory on growth. I would, at this point, not hazard a guess, but it would be above the industry.

Sanketh Godha · Avendus Spark

partial

Divergence in motor OD vs TP growth and TP loss ratio sustainability.

We try to maintain our market share in all lines of businesses... On the price hike of TP, for quite many years, it did not happen, which means that our belief is that it should happen very soon.

Sanketh Godha · Avendus Spark

evasive

Group health and retail health growth outlook for H2.

If the market does not give an opportunity to pick up risk at our price, which we feel is right, then we do not do that... To tell that whether in the next half we will pick it up or not pick it up, it will all depend on the market.

Madhukar Ladha · Nuvama Wealth Management

partial

Sustainability of protection growth and margin outlook for BALIC.

We will be holding this product mix broadly in the medium term... the direction is positive.

Nidhesh Jain · Investec India

evasive

Plans to list life and general insurance companies.

I don't think in the next two, three years we are seeing anything. We have other developments in the industry... we will wait for all these to play out before we take a view.

Nidhesh Jain · Investec India

evasive

Reasons for combined ratio above 100% and path to below 100%.

Bajaj has been beating the industry combined ratio by a full 15 percentage points... If the new accounting system is for internationally... then the combined comes way below 100.

Nidhesh Jain · Investec India

direct

Motor OD loss ratio increase to 71% - trend or blip?

It is just a quarterly blip. We will come down by the year end, is what we believe.

Analyst · Wealth Managers

evasive

Dividend policy for life insurance and capital adequacy.

The two insurance companies have been paying dividends since 2018... Once that is completed, we will review that.