Company Overview of Bajaj Allianz General Insurance Co. Ltd.
Bajaj Allianz General Insurance Company Limited provides general insurance services in India. The company offers fire insurance for consequential loss and all industrial risks; and engineering insurance for contractor’s plant and machinery, electronic equipment, boilers and pressure plant, machinery breakdown, and deterioration of stocks. It also provides motor insurance for private cars, two wheelers, and commercial vehicles, as well as motor vehicle warranty services; and health insurance plans comprising health care supreme, surgical protection plans, health guard, silver health, extra care, star package, health ensure, tax gain, hospital cash daily allowance, personal accident policy, pr...
Founded in 2000
Key Executives for Bajaj Allianz General Insurance Co. Ltd.
Managing Director, Chief Executive, Director, Member of Investment Committee, Member of Risk Management Committee and Member of Policyholders' Protection Committee
Chief Financial Officer and Member of Investment Committee
Regional Chief Executive Officer of Allianz Middle East
Chief Distributions Officer
Compensation as of Fiscal Year 2015.
Bajaj Allianz General Insurance Co. Ltd. Key Developments
Finserv Does Not Plan For IPO For Bajaj Allianz Life Insurance And Bajaj Allianz General
Aug 25 15
Bajaj Finserv Limited (BSE:532978) has ruled out any such plans for public listing of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Co. Ltd. "We have not taken any call on the IPO so far. There is no need for us to list either of our two insurance ventures as we are already well-capitalized," Sanjiv Bajaj, Managing Director of Finserv, told PTI. He also said that Finserv is already in talks with its foreign partners for increasing their stake to 49% in Bajaj Allianz Life Insurance and Bajaj Allianz General but added that the companies have not started a valuation process, even though Allianz had entered into an agreement with the Bajajs to increase its stake to 74% in life and 50% in general insurance company, if the law permits them to do so.
Bajaj Allianz General Insurance Co. Ltd. Ties Up with Snapdeal to Sell Insurance for 2-Wheelers
Aug 4 15
Bajaj Allianz General Insurance is tying up with to sell two-wheeler insurance to the growing number of people who are buying motorcycles from the online marketplace. The annual two-wheeler motor insurance policy will be available only for new vehicles and later it will be rolled out for the used vehicles as well.
Allianz May Raise Stake In Joint Ventures
Jul 22 15
Allianz SE (DB:ALV) has expressed interest to raise the stake in Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Co. Ltd. Rahul Bajaj, Chairman, Bajaj Finserv, said Allianz has indicated its intention to increase the holding to 49%. The two Joint Ventures have been running for the last 15 years.
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