bajaj allianz best option for investment

Bajaj Allaianz... Insurances

Sunday, July 22, 2007
BajajAllianz

Bajaj Allianz Life Insurance Co. Ltd. is a joint venture between two leading conglomerates- Allianz AG, one of the world's largest insurance companies, and Bajaj Auto, one of the biggest 2 and 3 wheeler manufacturers in the world.

Bajaj Allianz Life Insurance


• No.1 Private Life Insurance Company in India for 2005-06
• Growth rate of 216%for financial year 2005-2006
• Over 20,00,000 satisfied customers
• A countrywide network of 900+ offices
• Assets under management Rs. 5,500 cr.
• Shareholder capital base of Rs. 700 cr.

Allianz Group

Allianz Group is one of the world's leading insurers and financial services providers.

Founded in 1890 in Berlin, Allianz is now present in over 70 countries with almost 174,000 employees. At the top of the international group is the holding company, Allianz AG, with its head office in Munich.

Allianz Group provides its more than 60 million customers worldwide with a comprehensive range of services in the areas of

· Property and Casualty Insurance,

· Life and Health Insurance,

· Asset Management and Banking.

ALLIANZ AG- A GLOBAL FINANCIAL POWERHOUSE

· Worldwide 2nd by Gross Written Premiums - Rs.4,46,654 cr.

· 3rd largest Assets Under Management (AUM) & largest amongst Insurance cos. - AUM of Rs.51,96,959 cr.

· 12th largest corporation in the world

· 49.8 % of global business from Life Insurance

· Established in 1890, 110 yrs of Insurance expertise

· 70 countries, 173,750 employees worldwide


http://www.allianz.com






Bajaj Group

Bajaj Auto Ltd, the flagship company of the Rs. 8000 crore Bajaj group is the largest manufacturer of two-wheelers and three-wheelers in India and one of the largest in the world.

A household name in India, Bajaj Auto has a strong brand image & brand loyalty synonymous with quality & customer focus.

A STRONG INDIAN BRAND- HAMARA BAJAJ

· One of the largest 2 & 3 wheeler manufacturer in the world

· 21 million+ vehicles on the roads across the globe

· Managing funds of over Rs 4000 cr.

· Bajaj Auto finance one of the largest auto finance cos. in India

· Rs. 4,744 Cr. Turnover & Profits of 538 Cr. in 2002-03

· It has joined hands with Allianz to provide the Indian consumers with a distinct option in terms of life insurance products.

· As a promoter of Bajaj Allianz Life Insurance Co. Ltd., Bajaj Auto has the following to offer -

· Financial strength and stability to support the Insurance Business.

· A strong brand-equity.

· A good market reputation as a world class organization.

· An extensive distribution network.

· Adequate experience of running a large organization.


http://www.bajajauto.com


Bajaj Allianz General Insurance

Bajaj Allianz is the fastest growing general insurance company in India

Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Auto Limited and Allianz AG of Germany. Both enjoy a reputation of expertise, stability and strength.

Bajaj Allianz General Insurance received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration (R3) on May 2nd, 2001 to conduct General Insurance business (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Auto holds 74% and the remaining 26% is held by Allianz, AG, Germany.
http://bajajallianz.com

Why Bajaj Allianz Life Insurance?

An Impeccable track record across the globe in providing security and cover for you and your family...

We, at Bajaj Allianz, realise that you seek an insurer who you can trust your hard earned money with.

Allianz AG with over 110 years of experience in over 70 countries and Bajaj Auto, trusted for over 55 years in the Indian market, together are committed to offering you financial solutions that provide all the security you need for your family and yourself.

Bajaj Allianz brings to you several innovative products, the details of which you can browse in this section.

Key Achievements in FY 2005-06 :

• No.1 Pvt Life Insurer FY 2005-06. Leading by Rs. 78 Cr.

• No.1 Pvt Life Insurer in Retail Business. Leading by Rs. 339 Cr.

• Whopping growth of 216% for the FY 2005-06

• Have sold over 20,00,000 policies to satisfied customers

• Is backed by a network of 900+ offices spanning the country

• Accelerated Growth

Fiscal Year
No of policies sold in FY
GWP in FY

2001-2002 (6mths)
21,376
Rs 7 cr.

2002-2003
1,15,965
Rs 69 cr.

2003-2004
1,86,443
Rs 221 cr.

2004-2005
2,88,189
Rs 1002 cr.

2005-2006
7,81,685
Rs 3134 cr.


• Assets under management Rs 3,324 cr.

• Shareholder capital base of Rs 500 cr.


Posted by sahil at 8:30 AM



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