During your earnings call, you said that on average, there may be a maximum of 10% going forward.
Anand Roy: We are looking at those two or three products, but we have not made a decision yet. During the earnings call, we mentioned that we will probably include two other products in the price review. We are evaluating them at the moment. Would that quantum be around 10%?
Anand Roy: Yes. The quantum would be between 10% and 15% at most.
There are some reports that if a mixed license is granted in the winter session, then you will try to enter the general insurance segment as well. Which areas would you prefer to venture into?
Anand Roy: Combined licensing is something that is expected to happen within a few years and we believe it will probably happen soon. But, when it does happen, we want to make sure that Star Health Insurance is prepared for that new regime.
Preferred area, it will be pure protection, engine?
Anand Roy: I don’t want to comment on that, but yes, logically, pure life protection plans would be the area we would go into because it is something very typical of what we already do and it is very close to us. And similarly, in the non-life segment we would also evaluate the auto segment. We believe that, being one of the largest, retail segment, there is an opportunity for us.In retail, you just showed the presentation, about 93% of your book is retail. So this year, how much premium? growth What are you aiming for, as we are already in September, and in terms of the combined ratio, what is your objective?
Anand Roy: This year, we are planning to generate Rs 18,000 crore of premiums, compared to Rs 15,000 crore last year, which will represent an odd-numbered growth of around 18%. The bulk of this, as you know, will be retail-based, which will continue to account for 85-90% of our portfolio.
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