March 27, 2017 12:49 PM ET

Insurance

Company Overview of Bajaj Allianz General Insurance Co. Ltd.

Company Overview

Bajaj Allianz General Insurance Company Limited underwrites general insurance products in India. The company 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. 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 guard, silver health, hospital cash daily allowance, tax gain, ...

G.E. Plaza

Airport Road

Yerawada

Pune,  411006

India

Founded in 2000

4,464 Employees

Phone:

91 20 6602 6666

Fax:

91 20 6602 6667

Key Executives for Bajaj Allianz General Insurance Co. Ltd.

Chief Executive Officer, Managing Director and Director
Chief Financial Officer
Senior President of Channels
Senior President of Zones
Chief Mentor Motor
Compensation as of Fiscal Year 2016.

Bajaj Allianz General Insurance Co. Ltd. Key Developments

Karnataka Bank Enters into Memorandum of Understanding with Bajaj Allianz General Insurance Co Ltd

Karnataka Bank announced that it has entered into Memorandum of Understanding with M/s Bajaj Allianz General Insurance Co Ltd. for General Insurance business. With 93 years of Banking experience and one among the Prominent First Generation Private Sector Banks, Karnataka Bank is expanding its existence at a rapid pace at all directions. With technology driven banking and customer centric products, Bank is also providing various third party products to its customers under one roof. Corporate Agency Agreement was at the Head Office of Karnataka Bank by Bajaj Allianz General Ins. Co Ltd. [BAGICL] and Karnataka Bank.

Canara Bank Limited Inks Corporate Agency Agreement with Bajaj Allianz General Insurance

Canara Bank inked a corporate agency agreement with Bajaj Allianz General Insurance whereby the bank will distribute Bajaj Allianz's general insurance products through its network of 5,920 branches across the country. Bajaj Allianz General Insurance will offer its industry leading general insurance products to the customers of Canara Bank. A bouquet of personal lines of products such as Motor Insurance, Home Insurance, Health Insurance, Travel Insurance and commercial line of products such as Fire Insurance, Marine Insurance and Engineering Insurance will be available through branches of Canara Bank.

Catholic Syrian Bank Seeks To Raise Funds

The Catholic Syrian Bank Limited is planning to raise money by way of preferential allotment of equity in favour of investors. They include Edelweiss Tokio Life Insurance Company Limited, Reliance Capital Limited (BSE:500111), ICICI Prudential Asset Management Company Limited, HDFC Standard Life Insurance Co., Ltd., Bennett Coleman & Co. Ltd., Bharti AXA Life Insurance Company Limited and Bajaj Allianz General Insurance Co. Ltd. While the management of the Bank was not available for comment immediately, notice to the investors stated that the Bank is planning to issue and allot up to 13.203856 million equity shares for cash at a price to be determined by the Board with the price band of INR 100 to INR 120 per share, including premium. The total consideration would be around INR 1.32 billion to INR 1.58 billion.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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