Bajaj Finserv Ltd Q3 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nidhesh Jain - Investec Bank plc, Research Division - Analyst : Sir, firstly, on the general insurance given your commentary on the motor OD loss ratio expectation in the future, do you expect price hike to come into for the industry next year or in sometime next year?

Question: Nidhesh Jain - Investec Bank plc, Research Division - Analyst : Sure. This is because it's -- I don't think it seems like in the motor OD segment, we have lost some market share in 9 months and probably in Q3 also because probably the price is not adequate.

Question: Nidhesh Jain - Investec Bank plc, Research Division - Analyst : Sir, secondly, on the life insurance, our protection business has been quite volatile. In Q4 and Q1, there was a really strong growth, and it has become almost 17% of our AP. And then it suddenly declined to 5% of AP in Q2 and now 4% too of AP in Q3. So if you can just explain what is happening and what is the strategy going forward with respect to debt reduction?

Question: Nidhesh Jain - Investec Bank plc, Research Division - Analyst : Sure, sir. And lastly, do you expect further reinsurance rate hike on term insurance?

Question: Hitesh Gulati - Haitong International Research Limited - Analyst : Sir, I just wanted to check on the pricing in group health because you mentioned that group health pricing has probably deteriorated. And also on crop price, because I think crop pricing has improved this year, so does that explain why our claims ratio is down in crop in 9 months and also growth has been strong in Q3?

Question: Bunny Babjee - JM Financial Institutional Securities Limited, Research Division - Analyst : On behalf of JM Financial, I would like to thank Mr. Sreenivasan sir and the senior management of the insurance businesses and all the participants for joining us on the call today. Thank you very much. Bye.