BAJAJFINSV / Q3-FY24 / claim-ledger

Audit the questions that mattered.

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

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PositiveQ3-FY24 · 2024-01-31Back to quarter ↗

Questions audited

Answered directly

54%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Sanketh Godha · Avendus Spark

evasive

Why motor growth slowed in Q3 and outlook for crop and government health.

when we see an opportunity, we will be aggressive in some segments. Sometimes we don't see an opportunity, we will now slow back... This quarter, motor has come down. Next quarter, it may again pick up...

Sanketh Godha · Avendus Spark

partial

Are motor TP and OD loss ratio improvements sustainable?

OD loss ratios, at 62%, it's a short term... TP being long term, has a lot of play on reserves. If you look at our reserves, it's among the best in the industry again.

Sanketh Godha · Avendus Spark

evasive

Impact of proposed surrender charge norms on life VNB and margin pressure.

that is a draft proposal floated by the regulator... I don't think there is consensus yet as to whether that will happen or when it will happen or if at all it will.

Sanketh Godha · Avendus Spark

partial

Is margin pressure due to product mix or product-level compression?

there has been some squeeze versus last year... when the rates of its deposits and the G-Secs tend to narrow... we've had a flattish margin, I'd say, for the nine months and for Q3 also.

Sanketh Godha · Avendus Spark

direct

Axis Bank contribution and competitive pressure from Tata in that channel.

Axis Bank last year... used to contribute 26% of our business. This year it's 23%... we've been the fastest growing as a company... we maintained our market share.

Nishant Shah · MLP

direct

Strategic rationale for acquiring TPA Vidal Healthcare.

with acquisition of Vidal, we get access to healthcare spends in hospitalization... it's a strategically logical next step... we will be unique in unique position to service consumer.

Nishant Shah · MLP

partial

Will Axis Bank's investment in Max further reduce wallet share?

there is no, currently, there is no drop on wallet share... this can be under threat... we will not be dependent on one relationship.

Nishant Shah · MLP

direct

Are banks prioritizing deposits over insurance due to liquidity tightness?

the banks ultimately have been always prioritizing the bank core products than third-party products all throughout... it's not the first time we are seeing pressure on deposits...

Swarnabha Mukherjee · B&K Securities

direct

Why expense ratio increased and outlook going forward.

on NWP terms, it's moved up by 1%... largely it's happened because... quarter three, that business was on the lower side... we are well in control on our expenses.

Swarnabha Mukherjee · B&K Securities

evasive

Will commercial lines growth peak and retail lines compensate?

the commercial space saturation, I don't think is going to happen so soon... we don't try to balance... we would push aggressively there.

Supratim Datta · Ambit Capital

evasive

Split of loss ratio between retail and group health, and retail health growth strategy.

no, I don't think we give individual micro-level splits and loss ratios... our growth is not lower than the industry growth... we are actually above the industry growth in retail health also.

Supratim Datta · Ambit Capital

direct

Reason for strong direct channel growth and commission changes in multi-insurer channels.

the core reason has been really where we run this business, the quality of the team... the data and technology piece... we should expect that Bajaj Direct shall be the fastest growing business.