Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance both posted profits for FY09, despite recessionary market conditions.

Bajaj Allianz Life Insurance clocked a profit of Rs 45 crore in FY09 against a loss of Rs 16 crore in the year-ago period, a release here today stated. Bajaj Allianz General Insurance posted a profit before tax of Rs 150 crore and a PAT of Rs 95 crore in FY09, the release added.

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Bajaj Allianz General Insurance has issued over 7.5 million policies and Bajaj Allianz Life Insurance has 7.4 million policies in force.

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