Bajaj Allianz Life Insurance Company

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Bajaj Allianz Life Insurance Company Limited is the joint venture between Bajaj Auto, Worlds one of the leading 2 & 3 wheeler manufacturers and Allianz SE, one of the worlds largest life insurer.

Bajaj Auto is serving Indian customers through their widest range of 2 & 3 wheelers from last 55 years.

Allianz SE is a leading insurer globally and one of the largest asset managers in the world, managing assets worth over a Trillion Euros (Over R. 55,00,000 crores). Founded in 1890, the Allianz Group is one of the leading global services providers in insurance, banking and asset management. With approximately 181,000 employees worldwide the Allianz Group serves more than 80 million customers in about 70 countries.

Bajaj Allianz Life Insurance Co was incorporated in early 2001 and is one of the fastest growing private life insurer in India.

As of Sept-2008, Among Private Players Bajaj Allianz Life Insurance Company Limited is at the second position with market share of 7.9%for Individual New Business.

Accelerated Growth

Fiscal Year

No. of policies sold in FY

New Business in FY(Rs. in cr.)

2001-2002(6 mths)

21,376

7

2002-2003

1,15,965

69

2003-2004

1,86,443

180

2004-2005

2,88,189

857

2005-2006

7,81,685

2717

2006-2007

20,79,217

4270

(Source of above data :Bajaj Allianz website).

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