Company Overview of Bajaj Allianz Life Insurance Company Limited
Bajaj Allianz Life Insurance Company Limited provides life insurance, health insurance, and pension products in India. The company operates through Participating, Non-Participating, and Linked segments. It offers term insurance plans, savings plans, investment insurance plans, retirement plans, unit linked insurance plans, child insurance plans, group insurance plans, and rider products. The company was incorporated in 2001 and is headquartered in Pune, India. Bajaj Allianz Life Insurance Company Limited is a subsidiary of Bajaj Finserv Limited.
Founded in 2001
Key Executives for Bajaj Allianz Life Insurance Company Limited
Chief Executive Officer, Managing Director, Director, Member of Investment Committee, Member of Risk Management Committee, Member of Policyholders Protection Committee, Member of With Profit Committee and Member of Corporate Social Responsibility Committee
Chief Financial Officer and Member of Investment Committee
Head of Legal & Compliance, Chief Risk Officer and Company Secretary
Head of Business Procurement
Compensation as of Fiscal Year 2015.
Bajaj Allianz Life Insurance Company Limited 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.
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.
Bajaj Allianz Life Insurance Company Limited Reports Earnings Results for the Fourth Quarter and Full Fiscal Year of 2015
May 20 15
Bajaj Allianz Life Insurance Company Limited reported earnings results for the fourth quarter and full fiscal year of 2015. For the quarter, the company reported gross written premium of INR 23.79 billion compared to INR 21.4 billion a year ago. Total shareholders profit was INR 5.59 billion compared to INR 6.88 billion a year ago.
For the year, the company reported gross written premium of INR 60.17 billion compared to INR 58.43 billion a year ago. Total shareholders profit was INR 8.76 billion compared to INR 10.25 billion a year ago.
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