Bajaj Finserv - Covid-19 Update and Business Continuity Plan
BALIC: Persistency
Persistency 13th Month
80%
79%
77%
68%
77%
Persistency 13th Month
-
FY19 FY20 Q1 FY20 Q1 FY21
Persistency 37th Month
58%
55%
54%
57%
-
Persistency 37th Month
FY19 FY20 Q1 FY20
Q1 FY21
Persistency 49th Month
51%
47%
47%
49%
Persistency 49th Month
FY19
FY20 Q1 FY20 Q1 FY21
BBAJAJ Allianz
Persistency 25th Month
71%
69%
67%
-
Persistency 25th Month
FY19
FY20 Q1 FY20
■Q1 FY21
Persistency 61st Month
38%
40%
40%
39%
Persistency - 61st Month
FY19
FY20 Q1 FY20 Q1 FY21
Due to Covid-19 lockdown & extreme market volatility, renewal collection for Q1 FY2021 was severely impacted, which has led to marginally
lower 13th month persistency.
*Note: Persistency as per IRDAI framework | The persistency ratios for the period ended Jun 30, 2020 have been calculated for the policies issued in Jun to May period of the relevant
years
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