The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Hitesh Gulati - Haitong International Research Limited - Analyst
: Yes. Congratulations on a good set of numbers. Sir, my question is, in motor TP claims ratio, we've seen an increase this year, which you also
mentioned that you have strengthened our reserves in motor TP segment because you expect future claims to be higher because courts are giving
such orders. But if you look at the reserving triangles, they have still a release this year. So is my understanding correct? Or is there something
wrong that I'm looking at?
Question: Hitesh Gulati - Haitong International Research Limited - Analyst
: Okay. Sir, just one more question...
Question: Hitesh Gulati - Haitong International Research Limited - Analyst
: Sure. Sir, can you also quantify the quantum of COVID claims paid by you in the life and general insurance business?
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APRIL 29, 2021 / 5:30AM, BJFS.NS - Q4 2021 Bajaj Finserv Ltd Earnings Call
Ramandeep Singh Sahni
So overall, till date, we've done almost INR 400 crores of claims. While registered are more, but paid is actually close to INR 400 crores of claims paid
out.
Question: Hitesh Gulati - Haitong International Research Limited - Analyst
: This is operating assumption change that you've taken in our embedded value that is related to mortality only. Is that understanding correct?
Question: Hitesh Gulati - Haitong International Research Limited - Analyst
: And the COVID assumption change?
Question: Bunny Babjee - JM Financial Institutional Securities Limited, Research Division - Analyst
: Thank you. On behalf of JM Financial, I would like to thank Mr. Sreenivasan sir and the senior management team of the insurance businesses and
all the participants joining us in the call today. Thank you, and have a good day, and stay safe.
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