October 20, 2017 9:36 PM ET

Insurance

Company Overview of Bajaj Allianz General Insurance Company Limited

Company Overview

Bajaj Allianz General Insurance Company Limited underwrites general insurance products in India. It offers fire insurance for standard fire and special perils, consequential loss, and industrial all risks; and engineering insurance for contractor’s plant and machinery, electronic equipment, boiler and pressure plant, machinery breakdown, and deterioration of stocks. The company also provides motor insurance for private cars, two wheelers, and commercial vehicles, as well as motor vehicle warranty services; and surgical protection, health care supreme, comprehensive care, extra care, health guard, silver health, hospital cash daily allowance, tax gain, star package, premium personal guard, wo...

GE Plaza

1st Floor

Airport Road

Yerawada

Pune,  411006

India

Founded in 2000

5,311 Employees

Phone:

91 20 6602 6666

Fax:

91 20 6602 6667

Key Executives for Bajaj Allianz General Insurance Company Limited

MD, CEO & Executive Director
Chief Financial Officer
Senior President of Channels
Senior President of Zones
Chief Technical Officer of Non Motor
Compensation as of Fiscal Year 2017.

Bajaj Allianz General Insurance Company Limited Key Developments

Bajaj Allianz General Insurance Announces Earnings Results for the Second Quarter and Half Year of Fiscal 2018

Bajaj Allianz General Insurance announced earnings results for the second quarter and half year of fiscal 2018. For the quarter, the company reported 11% increase in net profit at INR 2,600 million form INR 2,340 million in the year-ago quarter. The gross written premium increased by 31% to INR 28,570 million from INR 21,790 million in the year-ago quarter. For the half year, the company reported net profit of INR 4,730 million against INR 3,660 million a year ago. Gross written premium was INR 48,300 million against INR 37,060 million a year ago.

Bajaj Allianz General Insurance Launches a Top-Up Health Insurance Plan

Bajaj Allianz General Insurance launched a top-up health insurance plan — Extra Care Plus. The product offers cover for pre-existing diseases and maternity expenses with a waiting period of just 12 months. There is also a feature of aggregate deductibles in the policy wherein multiple claims during the policy period can be clubbed to cross the deductible amount and trigger the claim payout. A customer can avail the benefits of Extra Care Plus in case of higher expenses over and above aggregate deductible limits and up to the sum insured in the policy.

Union Bank of India Inks Pact for Distribution of Insurance Products with Bajaj Allianz General Insurance and Cholamandalam MS General Insurance

Union Bank of India has entered into a corporate agency agreement with Bajaj Allianz General Insurance and Cholamandalam MS General Insurance for distribution of their insurance products. The bank already has a corporate agency agreement with The New India Assurance. The partnerships will bring the best of non-life insurance products to the bank's customers.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 11, 2017
Janalakshmi Financial Services Limited
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