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 35

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