bajaj allianz

UK's Prudential plc is acquiring a 75% stake in Bharti Life Insurance for Rs 3,500 crore, gaining operational control and marking a strategic reset for its India business. This move allows Prudential to deploy a wider product suite and leverage Bharti's domestic reach, aiming to boost insurance penetration in India.

Segment Grows 15.4% To ₹1.4L Cr, Standalone Insurers Account For 33% Of Total Premium

bajaj allianz Life Insurance has entered into a long-term bancassurance agreement with Dhanlaxmi Bank. As part of the agreement, the bank will continue to be a Corporate Agent for nine years and sell life insurance products of bajaj allianz Life Insurance.

A Mumbai teacher, her husband, and an insurance company must jointly pay nearly Rs 1 crore to the family of a 25-year-old dental intern killed in a 2018 hit-and-run. The tribunal found the driver solely responsible for jumping a red signal, rejecting claims of the victim's distraction. The compensation accounts for her academic potential and future earnings.

bajaj allianz General Insurance has launched an 'extended warranty plan' for consumer durables, under which a customer will be able to extend the warranty period for 12 months after expiry of the manufacturer's product warranty.

Mumbai, Oct 17 () Driven by a near four-fold growth in underwriting profit, private sector bajaj allianz General Insurance today reported 11 per cent growth in net profit at Rs 260 crore for the three months to September.

New Delhi, Apr 22 () bajaj allianz General Insurance and bajaj allianz Life Insurance in collaboration Wednesday launched their first product 'Total Health Secure Goal'. "This insurance plan is designed to take care of customers' health and life goals, through one comprehensive insurance policy.

Ola, an online cab aggregator, on Monday announced its partnership with bajaj allianz General Insurance to provide motor insurance solutions to its driver-partners.

bajaj allianz General Insurance has launched a mobile application that caters to specific needs of farmers and enables them to enrol into the Pradhan Mantri Fasal Bima Yojana and register claims.

bajaj allianz Life Insurance has developed insurance solutions that cater to every segment and age-income profiles.

New Delhi, Sep 18 () India Post Payments Bank and bajaj allianz Tuesday announced a five-year partnership to sell life insurance products on a revenue share basis.

Bajaj group will take over Allianz's 26% stakes in their insurance ventures for Rs 24,180 crore, making both insurers entirely Indian-owned. Bajaj Finserv’s stake will rise to over 75% in both firms. This acquisition ends a 24-year partnership with Allianz, allowing both to pursue independent insurance strategies in India, enhancing shareholder value.

JM Financial Credit Solutions will sell a 2.1% stake in its home loans subsidiary to bajaj allianz Life Insurance for ₹65.5 crore. The deal, expected to close by August 31, will reduce JMFCSL’s holding in JM Financial Home Loans from 8.98% to 6.88%. Consequently, JM Financial’s stake in the home loans unit will decrease to 96.66%.

MUMBAI: bajaj allianz General Insurance Company is planning to increase its financial pool under terrorist actions from the current level of Rs 200 crore to a whopping Rs 1,000 crore by 2007 or 2008.

PUNE: The insurance ventures of Allianz, one of the world's leading financial services groups and Bajaj Auto, India's leading two and three-wheeler manufacturer, announced the launch of their life and general insurance operations in Pune on Sunday.

bajaj allianz Life Insurance has said its individual rated new business premium (IRNB) grew by around 49% in the 2021-22 fiscal, which it claims is one of the highest among private insurers in the country.The company also reported that it recorded a 39% growth in business for March.

Bucking the trend set by its peers, bajaj allianz Life Insurance became the first private life insurance company to post profits for the 12 months ended March 31 2009.

In a significant shift, Allianz plans to exit its joint ventures with Bajaj Finserv in life and non-life insurance after a two-decade-long collaboration. Holding a 26% stake, the German insurer seeks new opportunities in India's market. In the event of a departure, options include buyout by Bajaj or divestment through an IPO.

bajaj allianz Life Insurance on Wednesday launched an insurance plan offering a guaranteed regular deferred annuity during post-retirement life. There is a funding gap in the post-retirement life and lots of people will not be earning but would need funds, so this is a grave issue that needs to be addressed, said bajaj allianz Life MD and CEO Tarun Chugh.

Kolkata, Nov 5 () At a time when several insurance majors were turning to the capital market, Bajaj Finserv has made it clear that its two insurance companies are not looking at an IPO soon.

CHENNAI: Private-sector Karur Vysya Bank has signed an agreement with bajaj allianz General Insurance Company for distributing the latter's general insurance products.

Companies often lure consumers with attractive schemes, but later try to renege on their commitment. In a significant ruling, the Central Mumbai District Forum bench, comprising president Nalin Majithia and Bhavana Pisal, came down heavily on bajaj allianz and directed the insurance company to pay penal and deterrent compensation, which is rarely, if ever, done.

Working life has been increasingly extending beyond 60 for a large chunk of the population. As a result, life insurers are designing policies that continue to function well beyond 60 and up to 70 and even 75 years of age.