bajajallianz best option

Bajaj Allianz Life Insurance logs profit of Rs 30 crore

2007-11-20T06:31:00.000-08:00

Mumbai, July 12 (ANI): Bajaj Allianz Life Insurance has once again taken the lead amongst private sector life insurance companies in proving it's management marketing skills and on the back of a profitable 2006-07. The company is starting its first quarter of 2007-08 with a Rs 30 cr profit. Its full year profit for fiscal 2006-07 was Rs 63 cr.

Bajaj Allianz Life Insurance issued over 536,703 policies in this quarter as opposed to 201,442 policies in the same period in 2006-07, a growth of over 166 percent

The company's annualised premium of Rs 658 crore, registering a growth of 86 percent for the first quarter. The total new business premium received in the first quarter is Rs. 729 crore.

Sam Ghosh Country Manager Allianz and CEO Bajaj Allianz Life, proudly said: "Key to profitability is our strong base of wide and stable distribution network coupled with bouquet of flexible and simple products that appeal to customers across the country."

Bajaj Allianz has over 900 offices in India, and a customer base of close to 3.5 million. Currently it has a product portfolio of 32 products. (ANI)

‘10-yr term provides high allocation, unmatched flexibility, loyalty benefits’

2007-11-20T06:27:00.001-08:00

Providing new insurance products to its customers the Bajaj Allianz on Thursday launched a unit linked investment plan CenturyPlus.
A spokesman of the company in a statement said the systematic investment plan designed for a 10-year term provided high allocation, unmatched flexibility, loyalty benefits and continued participation in investments making it one of the finest products.
Giving details the statement said the Bajaj Allianz CenturyPlus offered 98 per cent allocation for the first 2 years and 100 per cent allocation for all subsequent premiums paid.
The statement quoted Area Head Bajaj Allianz Life Afaq Ahmad saying, “CenturyPlus is an investor focus plan that gives the benefit of high allocation and also gives twin benefits of sum assured plus fund value.”
“For the first time we offer unit to our customers, which would enhance the investor fund value,” he said.
“Bajaj with CenturyPlus for the first time offer loyalty units, which enhance fund value from the 6th year onwards; 7 percent loyalty units as percentage of 1st year’s annualized premium and additional 0.25 per cent loyalty units as percentage of fund value in respect of regular premium,” he said.
Counting some of the key features of the plan the statement said: “Take maximum advantage of booming markets today and get maximum allocation to your funds from first year onwards. 1st and second year 98 per cent allocation; third year onwards 100 per cent.”
“Guaranteed life cover with twin benefits of sum assured plus fund value. Loyalty units to enhance your fund value every year from the sixth policy year 7 per cent of first year, annualized premium and also get an additional 0.25 per cent of fund value in respect to regular premium greater or equal to Rs 1 lakh,” the statement said.
Introducing ‘asset allocation fund’ looks after your investments even when the market conditions change. “Our experienced fund mangers monitor the mix of assets in the fund and manage the mix in such situations to maximize your returns. Apart from this get five other funds to choose from,” it said.
The statement said get the option of limited premium payment between 3 to 10 years.
Some other advantages of the product are: continued participation in investment performance even if you are unable to pay the premium for 3 years. Flexibility of partial withdrawals at any time after 3 years from commencement of the policy provided 3 years premiums are paid and 3 free switches every year.
A host of optional additional rider benefits which includes assurance to your family with accidental death benefit and accidental permanent total/partial disability benefit.
Option to pay unlimited top up premiums anytime during the tenure of your policy to further enhance your savings.

bajaj allianz best 500 company

2007-11-12T00:08:00.000-08:00

Allianz Group: A Fortune 500 company in India

IBEF: July 12, 2005

Allianz is one of the leading providers of insurance and asset management products and services worldwide. The companies that make up Allianz Group have presence in property and casualty insurance, life and health insurance, asset management and banking. Founded in 1890 in Berlin, Allianz is now present in over 70 countries, employs about 174,000 and has over 60 million customers. In 2003, the Allianz Group was ranked 11th in the Fortune 500 list and had worldwide revenues of USD 114.9 billion.

An Allianz group company, Allianz Aktiengesellschaft Holding set up its liaison office in India in 1996.3 In India, Allianz is currently present in Life and General Insurance.

Bajaj Allianz Life Insurance Co. Ltd. (BALICL) Bajaj Allianz General Insurance Co. Ltd. (BAGICL) are 26:74 joint ventures between two leading conglomerates - Allianz AG, one of the world’s largest insurance companies, and Bajaj Auto, one of the largest two and three wheeler manufacturers in the world.

BAGICL received the Insurance Regulatory and Development Authority (IRDA: the Indian insurance regulator) approval in May 2001 to conduct General Insurance business (including Health Insurance business) in India. Bajaj Allianz General Insurance offers products in all areas of general and health insurance and risk management. Within its first year of operations itself, the company had acquired the No. 1 status among the private non-life insurers. In the financial year 2003-04, BAGICL maintained its leadership position among private non-life insurers by garnering a premium income of USD 104.4 million. The company employs about 480 people and has 38 offices spread across the country.

BALICL received IRDA approval in August 2001 to conduct Life Insurance business in India. It is one of the fastest growing private sector life insurers in the country. The company has customer care centres in 155 cities. Currently the company has a product portfolio of 18 products and more are in the pipeline.

crosss 50 lac policy mark

2007-11-12T00:00:00.000-08:00

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

bajaj got 63 cr. profit

2007-11-11T23:59:00.001-08:00

NT Bureau
Chennai, July 13:

Bajaj Group company Bajaj Allianz Life Insurance has announced a profit of Rs 30 crore in the first quarter, compared to Rs 63 crore for the entire financial year 2006-07.

Bajaj Allianz, a part of Bajaj Financial Services, has recently been demerged from Bajaj Auto. 'Key to profitability is our strong base of wide and stable distribution network coupled with bouquet of flexible and simple products that appeal to customers across the country,' Bajaj Allianz Life's CEO Sam Ghosh said.

SBI Life made a mere profit of Rs two crore last year as compared to Rs 63 crore by Bajaj Allianz, he said. Bajaj Allianz annualised premium grew 86 per cent to Rs 658 crore during the Q1 while the total new business premium received in Q1 was Rs 729 crore, a company release said. Company registered a growth of 166 per cent in number of policies issued with 536,703 policies issued in Q1 as compared to 201,442 policies during the same quarter last year. Bajaj Allianz was the largest issuer of policies in the private sector in 2006-07 with two million policies sold. Currently, Bajaj Allianz has a product portfolio of 32 products and more need-based products are in the pipeline, the company said.

It has a customer base of close to 3.5 million customers and over 900 offices across the country.

bajaj best option

2007-11-11T23:54:00.000-08:00

BAJAJ ALLIANZ LIFE the New Leader in pvt sector insurance with 4 fold jump in new business

No1 Pvt. sector Life Insurance co. for this FY (Apr 05 - Jan 06 as per latest IRDA result ) with highest market share of 26.2% amongst pvt sector cos.

Fastest growing life insurance co. with over 4 fold growth
Mumbai, February 2006: Bajaj Allianz Life Insurance Company, the fastest growing life insurance company with over 4 fold growth, has consolidated its position in the Life Insurance industry and is now ranked 1st for new business segment market share as per the IRDA Results announced for the period of April ’05 to January ’06.

Bajaj Allianz life Insurance as per latest IRDA results recorded new business of over Rs 1680 cr for the period Apr 05 – Jan 06 a 4 fold jump over same period last year wherein the co. recoded Rs 406 cr new business. With this confidence and leadership Bajaj Allianz Life Insurance is well on it’s way to set new benchmarks in the industry.

Market Share as per IRDA (Apr 05 - Jan 06)

2005-06 ( April-Jan)
2004-05 ( Apr-Jan)
Growth

New Business

Rs Cr
1680
406
314%

Pvt sector Life Insurance Market Share
26.2%
12.3%

Life Insurance Industry Market Share ( Including LIC)
7.3%
2.7%

Key initiatives that attracted customers & jump-started this phenomenal growth -

Unique –one of it’s kind products – Various revolutionary products that the company had added to its long list of insurance products.

UnitGain Premier plan with 105% allocation, the UnitGain Super with its high allocation, the FamilyGain plan with unique 'Pure Fund' following ethical investment guidelines , the 6-in-1 HealthCare plan with standard premium for 3 years offering the customer a choice to claim benefits over and above the existing mediclaim, MahilaGain which covers unique risks faced by women.

Best returns on funds - Bajaj Allianz Life’s ULIP funds superlative performance enabled garnering more new business this financial year. The company’s ULIP funds were placed in ranked 1 st , 3 rd & 5 th position on the basis of maximum returns since its inception in the latest survey done by the leading personal finance magazine ‘ Outlook Money ‘. In the earlier survey 6 month ago in July the Bajaj Allianz Life Funds were ranked 1 st & 2 nd.

Easy access and reach across the country – Bajaj Allianz Life has offices now in over 510 towns across the country enabling customer to buy our products and get quality efficient service almost anywhere across the country

Highly trained Insurance consultants – Over 85,000 Insurance consultants to provide efficient service across the country for the customers. This year we had over 550 MDRT qualifiers ( last year we had only 120 MDRT qualifiers)

“It’s our constant endeavour to ensure that the products in our vast portfolio reach each and every one in the smallest town and remotest areas of this country. An innovative range of products ably supported by superior service and extensive distribution has catapulted Bajaj Allianz Life as leaders in new business generation and we only promise to grow further and consolidate our position in the top with renewed vigour in the next financial year.” says Mr. Sam Ghosh, Country Manager, Allianz & Chief Executive Officer, Bajaj Allianz Life Insurance Company.

http://ahmedabad-info.blogspot.com/2007/08/insurance-companies-go-slow-in-early.html

2007-08-11T06:43:00.000-07:00

Insurance companies go slow in early claim

While
the probability of facing a claim rejection is a lot lower in life insurance
policies than in medical or accident covers, early life claims invite a higher
scrutiny. That is why they carry a higher risk of being turned
down.

All life insurance
companies such as LIC, ICICI Prudential, Bajaj Allianz and Tata AIG treat claims
made within the first two years of a policy as an early
claim.

In such an early claim
case, Ahmedabad's Consumer Disputes Redressal Forum recently held LIC Ahmedabad
liable for deficiency in service. A statement from Ahmedabad's Consumer
Education & Research Centre (CERC) says the forum ordered LIC to pay a
deceased's widow Rs 5 lakh under one policy and Rs 50,000 under another, with 9%
interest from September 3, 2004. It also ordered LIC to pay the widow Rs 5,000
for causing mental agony, besides Rs 2,000 towards cost.

The policyholder drowned in
January 2004. "Though more than six months had elapsed, LIC did not pass the
claim, stating that it was an early claim (before the expiry of one year) and it
was being investigated," says the CERC statement. After nine months, it
repudiated the claim, arguing that the policyholder might have committed
suicide, having given in to the unbearable suffering due to kidney stone, the
statement says.

An Life
Insurance Corporation of India official says the insurer has "gone against the
district forum judgment, vide appeal no 480/ 2007 in the state commission. We
have deposited Rs 1 lakh as earnest money with the
court".

Says a senior insurance
official who does not wished to be named, "If a suicide takes place within 12
months from date of the risk, then the claim gets rejected under the suicide
clause, which is included in all life insurance policies. But, the insurance
company has to prove it was a suicide in the first
place."

Claim rejections would
also happen if an investigation revealed mis-representation, non-disclosure of
facts or a fictitious policyholder (extremely rare). An LIC agent says, "If an
early claim investigation finds the policyholder was on leave on medical grounds
before he applied for the policy and failed to mention it, the claim will be
treated as null and void."

CERC
legal director Kirti Bhatt delves further on the grounds of rejection,
"Sometimes investigations reveal that the policyholder had suppressed
information about bypass surgery, heart attack...." Which is why, Bhatt advises,
"When you apply for a policy, you must give all your details." Agents are known
to ill-advise consumers to hide relevant medical information to avoid a higher
premium, says Bhatt. "But hospital papers may show up the person's medical
history—like he was suffering from heart disease for the past five years.
It is better to pay a higher premium or your relatives may land in
trouble."

Source by timesofindia.indiatimes.com/Business/

compiled by bhavik shah

bajaj allianz clocks 10000 cr. mark

2007-08-03T05:22:00.001-07:00

Bajaj Allianz Clocks Rs 10,000 Cr Premium
http://economictimes.indiatimes.com/Personal_Finan...
by krypton 19 hours 59 minutes ago (economictimes.indiatimes.com)
MUMBAI: Country’s leading private life insurer, Bajaj Allianz Life Insurance company has crossed Rs 10,000 crore premium mark and 40 lakh policies since start of operations in October 2001.

“We have been the fastest to sell over 40 lakh policies amongst the private sector,” Bajaj Allianz Chief Executive Officer Sam Ghosh said.

He said, “In this period we have received over Rs 10,000 crore in premiums (USD 2.5 billion).”

Bajaj Allianz was the most profitable private sector life insurance company in FY 2006-07 with a profit of Rs 63 crore, a company release said here today.

The company has a pan India presence and over 900 plus offices.

Currently Bajaj Allianz has a product portfolio of over 30 flexible and simple products and more need-based products are in the pipeline, the release added

bajaj allianz crosses 10000 cr. mark in just 6 years

2007-08-03T05:19:00.001-07:00

Bajaj Allianz clocks Rs 10,000 cr premium
2 Aug, 2007, 2120 hrs IST, PTI

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MUMBAI: Country's leading private life insurer, Bajaj Allianz Life Insurance company has crossed Rs 10,000 crore premium mark and 40 lakh policies since start of operations in October 2001.

"We have been the fastest to sell over 40 lakh policies amongst the private sector," Bajaj Allianz Chief Executive Officer Sam Ghosh said.

He said, "In this period we have received over Rs 10,000 crore in premiums (USD 2.5 billion)."

Bajaj Allianz was the most profitable private sector life insurance company in FY 2006-07 with a profit of Rs 63 crore, a company release said here today.

The company has a pan India presence and over 900 plus offices.

Currently Bajaj Allianz has a product portfolio of over 30 flexible and simple products and more need-based products are in the pipeline, the release added.

2007-07-30T04:23:00.000-07:00

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News Articles

Bajaj Allianz Life Insurance logs US $ 1.04 bn (Rs 4270 cr.) in new business with profits of US $ 15.3 mn (Rs 63 cr.) & 2 million policies

Bajaj Allianz Life Insurance declares Rs 63 cr (US $ 15.3 mn.) profit for FY 06-07.
Bajaj Allianz Life Insurance is the first large pvt. sector life insurance co. with a pan India network and strong retail focus to declare substantial profits for the financial year.
Bajaj Allianz Life is most profitable pvt. life insurer for 06-07.
Bajaj Allianz Life Insurance logs in Rs 4270 cr. ( US $ 1.04 bn approx. ) of new business premium. For the first time private life insurance cos. have crossed the US $ 1 bn new business in a FY.
Bajaj Allianz Life Insurance issued over 2 million (20,79,217) policies in this year – highest amongst all pvt. sector players and taking the number 1 position. 3.4 million policies (34,72,875) issued till date. Only pvt life insurer to cross 2 mn policy mark in a FY.
Bajaj Allianz Life Insurance collected more new business premium in this one year alone, then the total of last 5 year’s new business ( Rs 3821 cr.).
More policies issued in this one year then the total policies issued in the last 5 years(1.4 million policies).
Over 70% of the business was regular premium for the FY and in the month of March 07 over 80% of the business was regular premium.
Largest distribution network to reach the customers across the country with 2,13,000 agents, 900 offices in 840 towns, 200 corporate agents & Bancassurance partners.

Pune, May 11th, 2007: Bajaj Allianz Life Insurance has once again taken the lead amongst pvt. sector life insurance cos. in proving it’s superior management & marketing skills by being the first large pvt. sector life insurance co. with pan India network and strong retail focus to become the most profitable private life insurance co. for the FY. The Company announced a healthy profit of Rs 63 cr. for the FY 2006-07 as per the audited results. Excluding Participating funds profit the profit stands at Rs 54 Cr.

Building on the number 1 position in previous FY 05-06 in new business the co. is now number 1 in the pvt. sector in issuing the largest number of policies and becoming a truly mass retail co. Bajaj Allianz Life Insurance has grown consistently and become profitable by further increasing the distribution and improving the productivity.

Rahul Bajaj, Member of Parliament, Chairman Bajaj Allianz Life insurance co. ltd. was delighted in saying," Crossing the US $ 1 billion in new business premium and a healthy profit of Rs 63 cr. in such a short span of time is really a proud moment and speaks highly of the management team spearheading this accelerated growth. Winning trust & confidence of people across the country is reflected in the solid performance in this FY by issuing largest number of policies in pvt. sector, over US $ 1 bn in new business premium, doing more business & policies in this FY than done in the last 5 years. My sincere thanks to all our valuable customers, agents, employees and other stake-holders whose constant support and valuable inputs have enabled us to reach the top & build such a trusted brand across the country. With this strong performance & large base, Bajaj Allianz Life Insurance is one of the country's private sector financial powerhouse in the making. ''

Sam Ghosh, Country Manager Allianz & CEO Bajaj Allianz Life was very proud to say “This is a great year for Bajaj Allianz Life Insurance with a Billion Dollar in new business premium and being most profitable co. in the private sector. This feat was achieved by efficient capital management, strong cost controls across the company and a very devoted team of employees, agents, corporate agents, franchisees and bancassurance partners who have proved all round leadership in the industry. Our bouquet of flexible and simple products & company offices in their own towns has appealed to customers across the country and helped us create a very trusted brand name and as a result we issued over 2 million policies highest by any private life insurer. Our sincere thanks to all our customers and stake-holders for being the pillar of our strength and inspiration.’’

Bajaj Allianz Life Insurance accelerated growth since inception

Financial Year
No. of policies
New Business Premium (Rs cr)
Rank

2001-2002 (6mths)
21,376
7

2002-2003
115,965
61
7th

2003-2004
186,443
180
6th

2004-2005
288,189
856
2nd

2005-2006
781,685
2,717
1st

Total for first 5 years
1,393,658
3,821

2006- 2007 only
2,079,217
4,270

Rank for 2006-07 as per IRDA results
1st in Policy
2nd in New business premium

About Bajaj Allianz Life Insurance :

Bajaj Allianz Life Insurance Company was the No1. pvt. sector Life Insurance co. for the FY 2005-06. With a pan India presence and over 900 + offices, Bajaj Allianz Life Insurance has already has a customer base of close to 3.5 million customers. 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-annotation, 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), 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, NewFamily 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 31 products and more need-based products are in the pipeline.

news board

2007-07-30T04:17:00.000-07:00

NEWSBOARD

10/07/2007
> Bajaj Allianz Life Launches full suite of Micro Insurance products providing security to the underprivileged Masses

10/07/2007
> Capital UnitGain just got a whole deal better with Waiver of premium and Family Income Benefit

13/06/2007
> Bajaj Allianz Care First – India’s first ‘Health+Life’ cover

11/05/2007
> Bajaj Allianz Life Insurance logs US $ 1.04 bn (Rs 4270 cr.) in new business with profits of US $ 15.3 mn (Rs 63 cr.) & 2 million policies

29/03/2007
> Bajaj Allianz Life accelerates rapid growth with additional capital infusion of Rs. 130 crores

23/01/2007
> Pension Planning a whole lot better with Bajaj Allianz Life - New UnitGain Easy Pension Plus plan

04/01/2007
> Bajaj Allianz Life Insurance Crosses 2 Million Policy Mark & US $ 1 billion in premiums

08/12/2006
> Bajaj Allianz Life gears up for aggressive growth with additional capital infusion of Rs. 70.8 crores (Total capital reaches Rs. 570 crores)

15/11/2006
> Bajaj Allianz Life Insurance launches Unique New UnitGain Plus SP with Maxx uniform allocation

21/08/2006
> Bajaj Allianz Life launches 7 new ULIPs

21/08/2006
> Bajaj Allianz Life posts over 3 fold jump over large base of last year

05/04/2006
> Bajaj Allianz Life Insurance the new leader in pvt sector life insurance

27/03/2006
> Fresh capital to further Bajaj Allianz’s magnum growth

07/03/2006
> BAJAJ ALLIANZ LIFE the New Leader in pvt sector insurance with 4 fold jump in new business

30/01/2006
> Bajaj Allianz Life No.1 with Rs 100 cr Lead!! with 467% growth

01/12/2005
> Bajaj Allianz Life takes number one position - IRDA results September 2005 positions Bajaj Allianz at No 1

08/10/2005
> Bajaj Allianz goes all out on bancassurance - Ties up with 5 cooperative banks.

08/04/2005
> Bajaj Allianz Life to offer special life insurance cover to women; launches MahilaGain.

05/19/2005
> 1001 Crores GWP, 380 % growth for Bajaj Allianz Life - strengthens No. 2 position with Rs 240 cr lead

01/31/2005
> Tax Saving & Buy Life Insurance Online.

01/17/2005
> Principal PNB Asset Management Company ties up with Bajaj Allianz Life Insurance Company Limited

01/07/2005
> Bajaj Allianz simplifies & fast-tracks claims process for Tsunami affected areas and donates one day salary

01/04/2005
> Bajaj Allianz Life Insurance ties up with Bajaj Capital Insurance Broking Ltd.

06/10/2004
> Bajaj Allianz Life Insurance Company Limited logs in Rs. 250 Crores GWP growing @ 325%

19/08/2004
> Ajay Singh Regional Manager, Birla Sun Life moves to Bajaj Allianz Life

09/08/2004
> Bajaj Allianz Launches Life Long Gain Plan

03/08/2004
> Allianz Bajaj Changes Its Name To Bajaj Allianz Life Insurance

19/07/2004
> Allianz Bajaj Launches Unit GainPlus & UnitGain SP Plans With An Actively Managed Fund

30/06/2004
> Allianz Bajaj launches Unit-linked Group Products

17/06/2004
> Allianz Bajaj declares bonus for policyholders

09/06/2004

> Allianz Bajaj Life Insurance Ties Up with DSP Merrill Lynch for Active Fund Managemnet for unit linked products

01/06/2004
> Allianz Bajaj Premium Income leaps 3-fold in 2003-04

01/03/2004
> Allianz Bajaj customers base crosses 3 lakh in just 29 Months

29/03/2004
> Allianz Bajaj launches "Protector" - A Mortgage Reducing Term Assurance Plan

bajaj allianz life insurance website links

2007-07-30T04:16:00.000-07:00

> site map

life insurance

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INDIVIDUAL PLANS

New UnitGainPlus

InvestGain

ChildGain

CashGain

Term Care

LifeTime Care

SaveCare Economy SP

Protector

Keyman Insurance

MahilaGain Rider

New UnitGain Easy Pension Plus

New UnitGain PremierSP

New UG Super

New FamilyGain

Samraksha

New UnitGain Plus SP

New Risk Care

Capital UG

Bajaj Allianz Care First

GROUP PLANS

Group Credit Care

Group Term Life

Group Term Life Scheme (EDLI)

Group Superannuation Scheme

Capital Unit Gain
• Now ith UL Family Income Benefit
• & Ul waiver of Premium Benefit.

Bajaj Allianz Care First
• Guaranteed renewals upto age 65 without medicals
• Finest treatment in leading hospitals
• Generous hospital cover upto 7Lacs.
• Same premium for 3 years.

EARN IN LAKHS
Become a Bajaj Allianz Insurance Consultant and earn money the smart way.

Note for customers : The cut off time for UL service request or premium collected to participate in the same day's unitization is 3 pm. Requests received or the premium collected after 3 pm will be unitized in the next unitization cycle.
DAILY NAV's Select Product New UnitGain Capital UnitGain New UnitGain Plus New UG Premier New UG Super New Family Gain New UnitGain Pension UnitGain UnitGain Plus LifeLongGain UnitGain Pension GroupGratuity & Superannuation Family Gain UG Premier New Secure First NAV HISTORY

Current News: NEWS BOARD ::: • Bajaj Allianz Life Launches full suite of Micro Insurance products providing security to the underprivileged Masses ::: ::: • Capital UnitGain just got a whole deal better with Waiver of premium and Family Income Benefit ::: ::: • Bajaj Allianz Care First – India’s first ‘Health+Life’ cover ::: ::: • Bajaj Allianz Life Insurance logs US $ 1.04 bn (Rs 4270 cr.) in new business with profits of US $ 15.3 mn (Rs 63 cr.) & 2 million policies :::

INSURANCE IS THE SUBJECT MATTER OF THE SOLICITATION
BAJAJ ALLIANZ LIFE INSURANCE CO. LTD., GE PLAZA, AIRPORT ROAD, YERAWADA, PUNE-411006
email: life@bajajallianz.co.in|IRDA REGISTRATION NO. 116 | IRDA CERTIFICATE / IRDA WEBSITE
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bajaj allianz best option for investment

2007-07-30T04:11:00.000-07:00

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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