Bajaj Allianz Insurance provides both general and life insurance services to the customers. The general insurance services are provided by Bajaj Allianz General Insurance company that is under the joint ownership of Bajaj Auto Limited and Allianz SE. On the other hand, the life insurance products are marketed by Bajaj Allianz Life Insurance Company Ltd. This company was established through the joint initiative of Bajaj Auto and Allianz AG. Bajaj Allianz General Insurance Company Limited The company received permission to provide services in the year 2001 and at present, it is providing services in about 200 towns throughout the country. The services of the company include general and health insurance products. In terms of business, it is one of the largest general insurance companies of the country.
The company has earned premiums worth Rs. 574 crore (net profit Rs. 21 crore) in the first quarter of 2007-08 fiscal. The growth rate of the company in this period has been close to 26-27%. Products and Services Bajaj Allianz
Insurance provides the following general and health insurance products. Some of these products are as follows:
Manufacturing Unit Insurance
Health Insurance: Health Guard, Hospital Cash
Bajaj Allianz Life Insurance Co. Ltd. The company started its journey in India in the year 2001. At present, the company is providing excellent services to the customers and this is the main reason behind its popularity in the country. The company is providing services through its 876 branches in the whole country. Bajaj Allianz Life Insurance Company Ltd. sold more than 50 lakh policies to the customers and among these policies, 10 lakh policies have been sold in 2007 only. The assets of the company are estimated at about Rs. 5,500 crore. Products and Services of Bajaj Allianz Life Insurance Co. Ltd.
|CenturyPlus||Additional Riders Benefit For Unit Linked Product|
|Protector||New UnitGain Easy Pension Plus|
|ChildGain||New UnitGain Super|
|New UnitGain Plus||Savecare Economy – SP|
|Term Plan with Return-of-Premium||UnitGain Guarantee SP|
|Keyman Insurance||New UnitGain Plus SP|
|Lifetime Care||New UnitGain Plus SP|
|Swarna Raksha I||New Risk Care|
|Bajaj Allianz Care First||Pension Guarantee|
|Alp Nivesh Yojana||CenturyPlus|
|UnitGain Plus Gold||Saral Suraksha Yojana|
|Jana Vikas Yojana|
Bajaj Allianz Life Insurance Company Ltd.
GE Plaza, Airport Road, Yerawada,
Pune 411 006
Tel.: (+91 020) 30587888
Fax: (+91 020) 40111502
Last Updated on : 27th June 2013