Bajaj Allianz General Insurance net profit up 27%

Gross written premium grew to Rs 27.6 billion from Rs 22.6 billion in Q4 of FY17, 22.1 per cent up year-on-year

Bajaj Alliaz General Insurance Company’s (BAGIC) net profit grew 6 per cent at the end of the fourth quarter of FY18, to Rs 1.75 billion from Rs 1.65 billion during the same quarter of the previous year. 

BAGIC’s net profit surged 27 per cent to Rs 9.21 billion from Rs 7.28 billion in the previous fiscal year. While the company’s revenue for FY18 grew by 23.4 per cent to Rs 94.87 billion at the end of FY18. 

“Digitisation of processes for an enhanced customer experience, risk based pricing of products and better expense management over the years have been instrumental in maintaining