Please find enclosed the Transcripts of Earnings Call conducted on October 30 , 2026

AI summary - Q2FY27 consolidated operating revenue grew 35% YoY to ₹2,178 Cr; PAT up 43% to ₹192 Cr with margin improving to 9% - Total insurance premium ₹9,385 Cr, up 38% YoY; core online new health and term insurance grew 42% YoY - IRDAI consultation paper aims to reduce mis-selling and improve claims; company supports goals and will comply fully - Cost discipline emphasized amid tougher demand; growth remains priority with focus on balancing spending - Ecosystem initiatives like PB Partners and UAE business grew 40%, nearing break-even - AI investments improving efficiency, lead conversion, and customer service over next 12-18 months - PB Health progressing on plan; revenue run rate expected ₹40-45 Cr/month by March 2027 - POSP business under regulatory uncertainty; awaiting final rules for clarity - Management confident in long-term growth despite regulatory changes; 1000-day strategic focus on customer service and disciplined growth