| To increase its premium income, Bajaj Allianz Life Insurance has opened branches on Nashik Road, Pimpalgaon Baswant and Satana.
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| The company is planning to start 150 branches, including five in the Nashik division, throughout the country by December 2006. For the fiscal 2006-07, the company is eyeing premium income of Rs 8,500 crore. By December 2006, the number of branches will reach 1,000.
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| In the Nashik division, new branches will be opened at Sangamner, Shrirampur, Malegaon, Igatpuri and Ambejogai, said Avinash Patil, company’s Maharashtra head.
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| In the financial year 2005-06, the company bagged the first position among private life insurance companies in achieving premium business worth Rs 2,715 core from 81,484 policies.
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| For the current fiscal, the company has set the target of premium business worth Rs 8,500 crore, Avinash said. |
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