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 standard fire and special perils, consequential loss, and all industrial risks; and engineering insurance for contractor’s plant and machinery, electronic equipment, loss of profits, boiler explosion, 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 surgical protection plans, health care supreme, comprehensive care, extra care, health ensure, health guard, silver health, hospital cash daily a...
Founded in 2000
Key Executives for Bajaj Allianz General Insurance Co. Ltd.
Chief Executive, Managing Director, Director, Member of Policyholders' Protection Committee, Member of Investment Committee, Member of Risk Management Committee and Member of Corporate Social Responsibility Committee
Chief Financial Officer and Member of Investment Committee
Chief Distributions Officer
Chief Technical Officer of Motor
Chief Technical Officer of Non Motor
Compensation as of Fiscal Year 2015.
Bajaj Allianz General Insurance Co. Ltd. Key Developments
Bajaj Allianz General Insurance Co. Ltd. Announces Earnings Results for the First Half of Fiscal Year 2016
Nov 9 15
Bajaj Allianz General Insurance Co. Ltd. announced earnings results for the first half of fiscal year 2016. For the period, the company reported gross written premium increased by 6% to INR 28,220 million for from INR 26,530 million for first half of 2015. Net earned premium was INR 20,600 million as compared to INR 18,740 million in first half of 2015 an increase of 10%. Profit after tax grew by 5% from INR 2,750 million for first half of 2015 to INR 2,880 million during first half of 2016.
Bajaj Allianz General Insurance Co. Ltd. Announces Earnings Results for the Second Quarter of Fiscal Year 2016
Oct 20 15
Bajaj Allianz General Insurance Co. Ltd. announced earnings results for the second quarter of fiscal year 2016. For the period, the company reported gross written premium increased by 2% to INR 15,000 million compared to INR 14,750 million in second quarter of fiscal year 2015. Profit after tax was INR 1,410 million compared to INR 1,450 million a year ago. Net earned premium was INR 10,610 million compared to INR 9,530 million in second quarter of fiscal year 2015, an increase of 11%. Underwritting loss was INR 80 million compared to profit of INR 2,300 million in second quarter of fiscal year 2015.
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.
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