In the comments, I think you have shared that the share of Super Star, Health Assure in the new business is roughly around 80%. Are you also able to share the portion of those policies in the already written business and in the existing book of policies, if you are able to share the portion of other products like family health optima, if that's possible? The second question is, again, if you are able to share the number of multi-year policies in the new business as well as in the already existing business that would be helpful. Yes, that’s all from me.
Questions across 6 calls
Aditi Joshi
Firm not listed in source transcripts
Star Health and Allied Insurance Company Limited
ICICI Prudential Life Insurance Company Limited
Just a question regarding annuity product, which is growing rapidly. Can you please confirm the margin of this product as in was there any repricing been done for this annuity product as well in the October as you did for your non-par? And just on the commission structure, again, if I can ask the distributor commission structure, especially the broker and MFI channel, so is it more like a trail -based commission structure, any restructuring being done there?
First question is related to the repricing of the annuity products. So, just wanted to confirm that similar to non -par repricing did you also take up IRR cuts let's say in the annuity products as well around the October month?
SBI Life Insurance Company Limited
The first question is actually related to the product mix. Just some details will be helpful. I mean, firstly, why the annuity product was slightly weaker in the 2nd Quarter. And also, can you explain as in especially related to the participating products? We saw very strong growth in the 2nd Quarter. So, just from a product proposition perspective, what is attractive to the customer and how are you trying to sell it because just very strong growth in that particular segment? And a related question is that if we are able to provide some mixed outlook for the second half will be helpful? Just one clarification is needed if I can ask that on the YONO, is it just select products that are gaining traction in the YONO especially only on the protection side because as you said that when the customer walks in, the employees in the banks or the CIF, they ask the customers to check the app and buy the product. Is my understanding correct? Thanks so much.
And any guidance on how product mix will look like in the second half?
ICICI Lombard General Insurance Company Limited
Just two questions from my side. Firstly, on the investment leverage side, I see that the first half investment leverage was slightly downward. So, can you please help explain the reason behind that? And going forward, what do you think of investment leverage trend? Secondly, on the retention side, premium retention, it was slightly on the higher side. So, I just want to understand your strategy going forward. Will you plan to retain more on your books or how are you thinking about it? That's all.
So, I have three questions. Sir, can you please help us understand on the Group Health side, what are the competitive dynamics you are seeing, and also in terms of pricing trend that was observed and your outlook as in going forward in the coming quarters, how do you see the health insurance pricing both in the retail segment as well as in the group segment, that is the employer-employee? The second question is related to the combined ratios items. We came up in the last call suggesting that the improvement in the combined ratio might be faster than the previous expectations. But in the first quarter, it was around 102% level v s 101.5% that we were expecting. So, sir, can you please help us understand if that is what you continue to think? And if so, then what would lead to that faster than expected improvement? And then just the third question is on the, in the underwriting profit segment-wise there was a significant improvement in miscellaneous group and corporate. So, can you please suggest what this precisely is?
Just a clarification. What categories come under the miscellaneous in this disclosure, please?
I wanted to understand on the investment intensity in the channel. So for FY2025, what is the outlook of the investments in the channel? In terms of the intensity, are you going to increase further or just wait for the investments in the last couple of years t o fructify and then just some guidance on that will be helpful?
Can you please share your outlook of the health insurance pricing both in the retail segment and the group that would be helpful?