Edelweiss Financial Services Limited

rs,

EW/Sec/2023-24/110 August 4, 2023 BSE Limited P J Towers, Dalal Street, Fort, Mumbai – 400 001. National Stock Exchange of India Limited Exchange Plaza,

59%

ovident/Pension Funds Others Life Insurance Portfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316

41%

nt/Pension Funds Others Life Insurance Portfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768

47%

nsion Funds Others Life Insurance Portfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768 Amou

52%

Funds Others Life Insurance Portfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768 Amount in

53%

s Others Life Insurance Portfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768 Amount in $ Bn

48%

hers Life Insurance Portfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768 Amount in $ Bn FY2

15%

Life Insurance Portfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768 Amount in $ Bn FY20 FY

21%

Insurance Portfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768 Amount in $ Bn FY20 FY21 F

16%

rance Portfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768 Amount in $ Bn FY20 FY21 FY22

13%

tfolio Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768 Amount in $ Bn FY20 FY21 FY22 FY20 FY21

17%

o Management Services Fixed Deposits 2,072 59% 41% 47% 52% 53% 48% 15% 21% 16% 48% 13% 17% 18% 52% 22% 23% 17% 38% 1,645 1,316 768 Amount in $ Bn FY20 FY21 FY22 FY20 FY21 FY2

Financial Assets

1

Investment Industry Assets

1

Growing young population

1

Lower penetration

1

High protection gap

1

Investment Industry Assets

Grown at a faster pace in the past 5 years compared to bank deposits Internal 4 Favourable demographic spread offers robust opportunity to insurers Indian Market Insurance Opportunity LI Industry Performance Population Composition - India Life Insurance Penetration Protection Gap 7% 58% 35% 2021 10% 61% 29% 2035 15% 59% 26% 2050 Less than 20 years 20 to 64 years 65 years and above 7.5% 6.1% 5.8% 83% 76% 71% 70% 61% 55% 55% 3.9% 3.2% 2.1% 1.1% Singapore Japan South Korea Malaysia India China Indonesia India Indonesia Thailand China Japan Singapore South Korea

High protection gap

Significant potential for sustained growth Internal 5 Life insurance industry has capitalised on the opportunity Indian Market Insurance Opportunity LI Industry Performance India GDP & Life Insurance Industry growth GDP growth LI APE growth 21% 19% 8% 7% 9% 6% FY17 FY18 FY19 6% 4% FY20 16% 9% 3% FY21 FY22 -7% Individual Annualized Premium Equivalent (APE) Assets Under Management Amount in $ Bn ~13 ~691 ~6 ~353 FY 17 FY 23 FY 17 FY 23 LI Industry growing at a faster pace than GDP Industry crossed $ 10 Bn milestone on APE basis Industry AUM grew by ~2x in 6 years Internal 6 ETLI Highlights 01 | Industry Our key tenets of Value Creation Steady growth path across parameters has been driven by our consistent strategic approach 02 | ETLI Superior quality and efficiency have been the cornerstones of our performance 03 | Way Forward Innovation drives our customer-centric strategy to build Trust, foster Loyalty and ensure Long-term commitment Internal 7 Consistency Internal 8 Achieved 44% CAGR