About us - Bajaj Allianz General Insurance
Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE. The reputation, expertise, stability, and strength of this alliance is the driving force behind Bajaj Allianz General Insurance.
Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA) certificate of registration on 2nd May 2001 to conduct various businesses, including the Health Insurance business, in India. The company has an authorised and paid up capital of Rs 110 crores.Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.
As one of the leading general insurer of India, Bajaj Allianz General Insurance caters to individuals across demographics of the country and the corporate sector with its wide range of products, from personal accident to marine insurance and everything in between.
Known for its claim and customer service levels, Bajaj Allianz has received iAAA rating from ICRA for eleven consecutive years, which indicates the company's highest claims paying ability and a fundamentally strong position. The company has a strong focus on customer centricity and aims to be an insurance provider delivering superior value with an excellent experience for the customer.
The company was recently awarded as the Technological Initiative Award for the first-ever Telematics based motor insurance service 'DriveSmart', and the Digital Insurer Award at the prestigious 21st Asia Insurance Industry Awards 2017.
The brand has been recognized as one of the most trusted general insurance brands in The Brand Trust Report India Study 2016 covering 20,000 brands across 16 cities and The Economic Times Best Brands.
As on 31st Bajaj Allianz continues to be one of the most financially robust general insurance companies in India by maintaining its growth as well as profitability. The company has registered a Profit Before Tax of Rs 1,078 crore and emerged as the most profitable insurer recording a Profit After Tax of Rs 728 crore. The company reported a GWP of Rs 7,687 crore that has grown by 30.3% compared to the last fiscal.