General insurance GDPI has grown strong at 18% in Q1FY24 with healthy contributions from motor, health as well as crop. However, profitability is likely to be key considering the backdrop of (1) increasing combined ratio for all players in FY23 and (2) room for increasing opex ratios basis the EOM guideline where we see 10 out of top 18 multi line players in the industry operating under the 30% benchmark and 2 out of 4 SAHIs operating below the 35% mark.