India's 1st IRDAI Approved Insurance Web Aggregator
Bajaj Allianz Life Insurance Company is a joint venture between Allianz SE and Bajaj Finserv.
Allianz group is a leading financial services provider in the world with a history of 110 years in over 70 countries. It has about 152,000 employees worldwide serving over 70 million customers internationally. Allianz insures the majority of the fortune 500 companies, besides being a large industrial insurer. Bajaj Finserv Limited is a leading financial services provider in India with business interests in life insurance, general insurance and consumer finance in India. It recently demerged from Bajaj Auto Limited, the largest manufacturer of two and three-wheelers in India, has a phenomenal presence across India.
Bajaj Allianz Life Insurance Company has the advantage of a vast distribution network, knowledge of Indian consumers and financial stability to support the insurance business. The name Bajaj is a family name which is well established in the minds of the Indian consumer with its dominant presence in the auto sector in India for decades together. It is one of the leading private life insurance players in India currently.
Tarun Chugh is the Managing Director and CEO of Bajaj Allianz Life Insurance Company.
| Year | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|---|---|---|---|
| Claims ratio | 91.85 | 91.30 | 91.67 | 92.04 | 95.01 | - | - | - | Yet to be published |
| Year | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|---|---|---|---|
| Market share | 2.4 | 2.1 | 1.8 | 2.2 | 2.29 | - | - | - | Yet to be published |
