Bajaj Allianz Life Insurance

Bajaj Allianz Life launches Nifty Alpha 50 Index Fund: Check details

The fund aims to provide capital appreciation by investing in equities that are part of the Nifty Alpha 50 Index

Bajaj Allianz Life declares record Rs 1,383 cr bonus: Check eligibility

All participating policies of Bajaj Allianz Life that were in force as on 31 March 2024 are eligible to receive the bonus

Now pay your Bajaj Allianz Life Insurance premium via WhatsApp: Here's how

Bajaj Allianz Life Insurance has announced the introduction of premium payment options on WhatsApp, in collaboration with Meta

Bajaj Allianz Life Insurance has a new 'increasing income' savings plan

Bajaj Allianz Life ACE - Increasing Income provides life cover with tax benefits and allows flexibility in determining policy terms, ranging from 10 years to 100 years of age

Work-life balance, financial security top goals for millennials: Survey

The Bajaj Allianz Life survey revealed that 85 per cent of millennials prioritise work-life balance, while 70 per cent seek financial security for their families

Bajaj Allianz Life reports 20% jump in net income to Rs 390 crore in FY23

Bajaj Allianz Life has reported a 20 per cent growth in net income at Rs 390 crore in fiscal 2023, driven by overall good performance especially the growth in new business premium. The Pune-based company saw a 21 per cent growth in overall premium collection with the gross written premium touching Rs 19,462 crore in FY23 compared to Rs 16,127 crore in the previous financial year. "Our net profit has grown 20 per cent to Rs 390 crore in FY23 from Rs 324 crore in the previous fiscal," the company's managing director and chief executive Tarun Chugh told PTI on Wednesday. He said the spike in profit was led primarily by a massive 53 per cent jump in the value of new business premium in the year to Rs 950 crore. In FY22, it stood at Rs 621 crore. Value of new business is a key metric to measure the profitability of a life insurance company. During the last fiscal, the company added 29 per cent more customers at 5.38 lakh from 3.86 lakh, taking the number of individual lives covered to

Titanic sub tragedy: Only 2 insurance covers in India for adventure junkies

Bajaj Allianz is the only major insurer in India which provides an insurance policy specifically for adventure sports.

Diabetic Term Plan for HbA1c < 8 by Bajaj Allianz Life

Bajaj Allianz Life declares bonus of Rs 1,201 cr to policyholders in FY23

Bajaj Allianz Life on Wednesday said it has declared a bonus of Rs 1,201 crore to participating policyholders for the financial year ended March 31, 2023. This is the 22nd consecutive year of bonus payment to all eligible and participating policyholders. The Pune-based company said the bonus includes a regular reversionary bonus of Rs 872 crore and a terminal and cash bonus of Rs 329 crore. In the previous year, the company had paid Rs 1,070 crore in bonus to over 11.62 lakh policyholders, Bajaj Allianz Life said. As many as 11.43 lakh participating policyholders out of its total of 3.5 million policyholders will benefit from the announcement, it added. The regular reversionary bonus will be payable at the time of maturity or death of the policyholder. The funds for the bonus will be sourced from the surplus generated by the participating policyholders' funds for FY2023, said Tarun Chugh, the managing director & chief executive. The policyholders of its participating products su

In a first: Bajaj Allianz set to launch surety bonds on December 19

SBI General Insurance and Tata AIG General Insurance are also said to be looking at launching a surety insurance product soon, said sources

More risk in our book helps us become more agile: MD, Bajaj Allianz Life

In a Q&A, Tarun Chugh dwells on how his firm became the fastest growing in its space, recent Irdai initiatives, and the company's future plans

Global health cover comes as a lifesaver for high-flyers: Experts

But examine countries covered and claim settlement mode

Expect moderate returns in Samvat 2079: Bajaj Allianz Life's Sampath Reddy

We are positive on select private banks with credit growth picking-up and asset quality outlook being benign/improving.

4,454 people hold plank at Bajaj Allianz Life Insurance's event

The event was held at Jawaharlal Nehru Stadium, Delhi

Share of term products will rise this yr: Bajaj Allianz Life Insurance CEO

Currently, the growth trend has not stalled but it may going forward, but life insurance as a sector will be one of the fastest growing sectors, says Bajaj Allianz Life Insurance CEO Tarun Chugh

We will be looking at surety bonds biz: Bajaj Allianz General Insurance CEO

Overall Covid claims constituted 20 percentage points (ppt) of the claim ratio movement, said Singhel

BS BFSI Insight Summit: Onus on life insurers to transform biz, say experts

The life insurance industry saw massive disruptions in the initial period of the pandemic

Market rally would remain broad-based going ahead: Sampath Reddy

The Bajaj Allianz Life Insurance CIO expects natural profit taking to happen with rising markets, but does not see any meaningful correction

No plan for IPO as of now, says Bajaj Allianz Life Insurance CEO

The Pune-headquartered life insurer has been topping industry growth chart for long

Bajaj Allianz declares Rs 1,156 cr bonus for participating policyholders

This includes one-time bonus of Rs 315 cr, over and above regular bonus; company says it is the 20th consecutive year that it is declaring a bonus