Bajajfinsv · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
10
Answered directly
70%
Numeric claims
0
Consistency
—
Question ledger
Nischint Chawathe · Kotak Securities
partialInstitutional, suspected questions, suspected answers. I'd say that the growth in institutional is widespread. It is not necessarily coming from the big partners... For agency, yeah, while the growth has been good, I think one thing I'd like to point out... we've seen a doubling of their VNB in this nine-month period.
Nischint Chawathe · Kotak Securities
directNo, not necessarily. Not necessarily. Our agency is unique... The ULIPs we used to sell earlier weren't necessarily very profitable. Now our ULIPs themselves are looking quite healthy... As far as institutional is concerned, it really is bank by bank.
Nischint Chawathe · Kotak Securities
partialVipin: So you would recall that last quarter when we spoke, our estimation was that we'll have about 4.5%, 450 basis points impact of GST. I think that number largely holds good. What is reflected in this quarter's P&L is a mitigation of about 1.75%.
Nischint Chawathe · Kotak Securities
evasiveSure. So overall, if you look at the situation, the elevated loss ratio is not something that is just experienced by our organization. It is something that is experienced across the industry... Within this backdrop, we continue to grow with our long-term view, which is sustainable growth.
Satvik Kanabar · Jefferies
partialOkay. So I'll just give you first thing. We don't talk of competition. We respect all our competitors... On the retail health perspective, we don't give exact loss ratios, but we can tell you that it is better compared to what it was in the same period last year. On the TP release, I think we give the triangle, and it is in line with the way it has progressed further.
Uday Pai · Investec
partialNow, if you look at TP and I think this question keeps on coming, the way to look at TP businesses, what is the release per claim settlement, I think? ... In terms of your NEP, it is because we have a whole account treaty... And for the combined ratio, as I said, we always maintain that we would be close to 100 is our ambition.
Shobhit Sharma · HDFC Securities Limited
directSo I think on the product mix, I would say if you look at our mix for last 5-6 quarters, it's largely stable... Last quarter, we actually changed our product proposition on annuity, brought in newer products. And that actually increased the annuity mix to about 9%-10% is what you are seeing now. In respect of retail protection, I think there is a small difference... once the base kicks in, the growth will obviously come down.
Shobhit Sharma · HDFC Securities Limited
directHey, I think Ashish mentioned it earlier. If you look at with the GST corrections, IDV dropped. And motor OD is calculated as a percentage to IDV. And that drop happens. Obviously, that leads to lower premium realization for the same vehicle... Also, with inflation, the cost of repairs goes up.
Divij Punjabi · Banyan Tree Advisors
directSo India is a free market minus motor third-party price, which is regulated by the government... So right now, to answer your question specifically on the Fire portfolio, the price has softened, which it did there because, again, if you look at the results earlier, the commercial line of businesses had a better loss ratio.
Raghvesh Sharan · JM Financial
directThe OpEx, they're getting controlled, but the claims ratio are pretty primitive. Now, if you look at the issue for the industry broadly, it has been most companies not complying with the regulations in terms of the 30% cap. But Bajaj General has been complying with it very well... Also, just to answer the question you indicated, see, on new versus existing business, we've been growing heavily on the new sales, both on retail health and motor.
Raghvesh Sharan · JM Financial
directYeah. So for us, in the last couple of years, we've actually been focused on building out the mutual fund product suite... But there's also additional opportunities that come up, particularly with regard to SIS, PMS, as well as GIFT City. So these are on our plan for this coming financial year.
