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Investor Presentaiton

BALIC: M CEV Update #$ Particulars Annualized Premium ** (ANP) Net New Business Value* (NBV) Net Margins on ANP (Post overruns) Embedded Value ++ (EV) BBAJAJ Allianz All Figures in Rs Million FY 22 FY 21 43,639 29,223 6,212 3,608 14.2% 12.3% 172,494 155,345 • One-year forward rates derived from the risk free yield curve are used for discounting cash flows. Allowance for risk is provided in computing cash flows for various risks and the cost of risk capital. Investment returns are derived from the risk free yield curve. . • Results not audited or reviewed externally but methodology is in line with APS 10 of the Institute of Actuaries of India. *New Business Value represents discounted present value of expected net cash flows from new business written during the year. **ANP refers to annualised new business written during the year and is calculated by assigning a 10% weight to single premium and 100% weight to regular premium. Group Fund business is included in the definition of ANP. ++On Market consistent basis #Market Consistent Embedded Value $Calculated on the basis of effective tax rate (ETR) 47
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