Star Health and Allied Insurance Company Limited CC-Dec24.pdf · 2025-01-29
On the GWP growth, the number you are talking about is quarter 3, which is 13.7%. For 9 - months with the "1/N" impact, it is 16%. In terms of RI Commissions, yes, for long-term policies there will be no RI Commissions, but if you are comparing it with last year, last year we had the RI Commission treaty, which came in Q3 itself, which was effective from 1st April 23. From April 23 to December 23, there was a onetime impact in Q3 last year, which is spread out in all the quarters this time and in Q3, we had an impact because with "1/N" on long-term policies there is no seeding and there is no reinsurance commissions.
No, because of the change in accounting, there is a deferment of Reinsurance Commission which has happened. As I am not booking the top line, hence there is no seeding and no RI commission. There is a change.