crosss 50 lac policy mark

Bajaj Allianz Life Insurance crosses 50 lac policies

Mumbai 4th, October 2007: India's leading private life insurer, Bajaj Allianz Life Insurance Company crossed another major milestone and issued 50 lac (5 million) individual policies since inception in October 2001. Continuing the strong growth momentum this financial year, YTD have issued over 15 lac polices and collected over Rs 2500 cr in premiums.

Commenting on this achievement, Mr. Kamesh Goyal, Chief Executive Officer, Bajaj Allianz Life Insurance Company and Country Manager, Allianz said, "Since inception we have been focusing on reaching out to the masses across the country with wide range of flexible products & services to suit all segments of the society and this has helped us grow fast and build a strong brand name and customer franchise in such a short span of time."


Accelerated Growth

Financial Year
No. Of policies

2001-2002 (6mths)
21,376

2002-2003
115,965

2003-2004
186,443

2004-2005
288,189

2005-2006
781,685



2006- 2007
2,079,217

YTD 07-08
1,553,829

Since inception
5,026,704


About Bajaj Allianz Life Insurance:

Bajaj Allianz Life Insurance Company is the most profitable pvt. Sector life insurance Company in India for 06-07. With a pan India presence in over 850 + locations, Bajaj Allianz Life Insurance has already sold over 5 million policies. Bajaj Allianz Life Insurance has developed insurance solutions that cater to every segment and age-income profiles. For companies it provides comprehensive 'Employee Benefit Solutions' (Group Term Life, EDLI, Gratuity, Super-annuation, Key man Insurance and more); for the individual Invest Gain (a unique life insurance plan where sustenance of income is combined in the same plan that also pays a lump sum), Cash Gain (Money Back), Child Gain (Children's plan), Care First, Risk Care (Pure Term), Lifetime Care (whole life), Term Care (term with return of premium), Saran Visitant (Retirement Plan), Protector (Mortgage term insurance plan), New UnitGain Super, New Family Gain, New UnitGain Plus, New UnitGain, New UnitGain Premier, New UnitGain Easy Pension Plus, New UnitGain Easy Pension Plus, Single premium. Currently Bajaj Allianz has a product portfolio of over 25 flexible and simple products and more need-based products are in the pipeline