Bajaj Allianz Corporate Update

BALIC: Risk Management RISK MANAGEMENT B BAJAJ Allianz LIFE GOALS. DONE. Product Pricing Prudent assumptions while product pricing ☐ Stress and scenario testing performed at pricing stage Regular review of pricing based on prevailing interest rates Asset Liability Management (ALM) Ongoing Risk Management Interest rate risk on the Individual Non-Participating Savings, Protection and Annuity portfolio managed through partly paid bonds, and Forward Rate Agreements ☐ ALM focused on cashflow matching Underlying bonds on Forward Rate Agreements are chosen based on liability profile. For annuities, there is continuous monitoring of business mix in different variants, age bands and deferment period Prudent interest rate assumptions to ensure adequacy of statutory reserves ☐ Periodic product condition monitoring, periodic sensitivity & stress testing ☐ Regular monitoring of business mix Mortality risk is managed managed by diligent in-house underwriting, analytics driven risk scoring and appropriate reinsurance arrangements Additional provisions set aside for COVID-19 claims 45

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