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Bajaj Allianz General Insurance Company Limited, one of the India’s leading general insurance companies, is a joint venture between Bajaj Finserv Limited and Allianz SE. Bajaj Finserv holds a 74% stake and Allianz SE owns the 26% stake in the joint venture. Bajaj Allianz General Insurance started its operation after getting the certificate of registration from Insurance Regulatory and Development Authority of India (IRDAI) on May 02, 2001. Headquartered in Pune, Bajaj Allianz General Insurance Company Limited maintains a network of offices over 200 towns across the country.
The company has an authorized and paid up capital of Rs 1.10 bn. The revenues of Bajaj Allianz General Insurance Company now stand at Rs. 5305 crore and it increased by 16% from the previous year. Its profit after tax grew by 37% and attained Rs. 562 crores in the year 2014-15. Bajaj Allianz has earned several awards such as Best General Insurance Company of the Year in Asia (Asia Insurance Industry Awards), Insurer claims team of the year (Claims Award Asia 2014), General Insurance Provider of the Year Award (Money Today FPCIL Awards 2014).
Thursday, Sep 14, 2017 10:00 AM
India's general insurers clocked over 32% jump in premium collection at Rs 11,931.01 crore in August this fiscal, Irdai data showed.
Friday, Aug 11, 2017 10:00 AM
Bajaj Allianz General Insurance, the private general insurer, has launched DriveSmart Lite a free value-added service for all private car policy holders.
Thursday, Jul 27, 2017 10:00 AM
State-owned Punjab National Bank (PNB) and Bajaj Allianz General Insurance have signed an agreement for the distribution of insurance products through the branches.