巴賈傑安聯

2023年5月6日

廣告Bajaj集團保險手臂,Bajaj安聯人壽保險公司和巴賈傑安聯一般保險有限公司報道在2023年財政年度增長。人壽保險部門排名第四,私有同行的市場份額,而一般保險公司排名第三,截至2023年3月。兩家公司披露他們的財務業績的一部分公眾披露的上市母公司Bajaj Finserv有限公司4月…巴賈傑集團保險手臂,Bajaj安聯人壽保險公司和巴賈傑安聯一般保險有限公司報道在2023年財政年度增長。人壽保險部門排名第四,私有同行的市場份額,而一般保險公司排名第三,截至2023年3月。兩家公司披露他們的財務業績的一部分公眾披露的上市母公司Bajaj Finserv有限公司4月27日。巴賈傑安聯人壽保險稅後利潤增長20%,達到390盧比。新流行的價值未來利潤的現值與新業務寫在period-stood 950盧比,上漲了53%。Value-of-new-business保證金是15.5%比14.2%償債能力比率為516%。內含價值回報率是14.4%。人壽保險行業的市場份額為2.9%,排名第四後列出的三個同伴——印度國家銀行人壽保險有限公司、印度人壽保險公司和印度工業信貸投資銀行保德信人壽保險有限公司 It has overtaken Max Life Insurance, which has a market share of 2.42%. The 13th-month persistency ratio—or customer retention—rose by 100 basis points to 83% and for the 61st month, it rose by 200 basis points to 50% from 48%. Asset under management rose 6% to Rs 90,584 crore. Share of unit-linked insurance policies was 31% in the product mix. Annuity was 7%, individual non-par savings 42%, non-par protection 3%, and participating products stood at 17%. Share of individual non-participating products went up from 27% in the fiscal 2022 to 42% in FY23. This unusual hike could be attributed to high-ticket policy sales—non-par policies with premium contributions exceeding Rs 5 lakh—whose payouts were made taxable for purchases after April 1, except in cases of death, according to the Union budget 2023 announcement. Bajaj Allianz General Insurance Net premium earned increased 3% to Rs 8,019 crore. The combined ratio, calculated by adding incurred losses and expenses and dividing them by the premium earned, was at 100.5% as against 99.6%. Solvency ratio stood at 391%. It had a market share of 6.29%, standing third among private general insurers after the listed ICICI Lombard General Insurance Co. and HDFC Ergo General Insurance. Return on equity was 15% versus 17.3%. Product mix comprises 35% retail motor, 6% retail health, 12% group health, 18% crop insurance, 19% property, liability, engineering and the remaining 10% from others. Its distribution mix has the highest share from brokers with 48%, 25% from direct business and 15% from individual agents. Asset under management stood at Rs 27,809 crore, up 13%. "As an organisation, we crossed yet another milestone by registering our highest ever gross written premium of more than Rs 15,000 crore and a profit after tax of Rs 1,348 crore," Tapan Singhel, chief executive officer at Bajaj Allianz General Insurance, told BQ Prime. According to Singhel, the company maintained "one of the least grievance ratios" in the industry. Their exchange filing said that the grievance ratio for fiscal 2023 was 0.92 per 10,000 policies issued—which is expected to be among the best in the Industry. Singhel said the previous financial year was "interesting", with the regulator taking several industry-changing steps. The insurance industry has also picked up well after two pandemic-affected years, he said. "With a future-centric and industry-focused regulator at the helm of affairs, who is taking the industry in the right direction, we will see the sector transitioning from a product-focused approach towards a solution-centric one," Singhel said. Queries addressed to Bajaj Allianz Life Insurance were not yet responded to at the time of publication. ADVERTISEMENT