Investor Presentaiton
BAGIC-Key Highlights
Q4 2021-22
Profit after tax (PAT)
Capital Position &
Grievance Ratio
Initiatives during the
year
BBAJAJ Allianz
Q4 FY22 PAT de-grew by 9% mainly on account of lower capital gains (Rs.
27 Mn vs Rs. 210 Mn in PY)
■ FY22 PAT grew to Rs. 13,391 Mn despite impact of higher COVID claims in FY22
as compared to FY21 and OD releases from lockdown in FY21 - highest ever
profit for BAGIC in any financial year
■ Solvency Ratio stands at healthy 344% at 31 March 2022
Grievance ratio for FY22 is 1.05 per 10,000 policies issued - expected to be
amongst the best in the Industry
Some of the initiatives institutionalised during the year are:
1. Health Prime Rider introduced for retail and group health customers. It
covers 24*7 unlimited tele consultation with 90,000+ doctors, investigation,
pathology & radiology expenses, and annual preventive health check-up.
2.
3.
cover.
BAGIC continued its push towards enhanced digital services with capabilities
like
■
■ Al enabled BOT ('BOING') - serviced 7.55 lakh unique customers
Customer facing app 'Caringly Yours' crossed 1.9 million downloads.
■Innovative mobile app for the farming community, 'Farm itra', saw 5.34
lakh downloads; some 1.34 lakh claims were processed through it
Its new core policy administration system has accelerated the growth in
travel business. Retail health insurance module has also been launched.
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