Bajaj Allianz General Insurance

Bajaj Allianz General Insurance is a private general insurance company in India.[3] The company is a joint venture between Bajaj Finserv Limited (formerly part of Bajaj Auto Limited) owned by the Bajaj Group of India and Allianz SE, a German financial services company.

Bajaj Allianz General Insurance Company Limited
Private Limited
IndustryInsurance
Founded2001 (2001)
HeadquartersPune, India
Area served
Worldwide
Key people
Tapan Singhel[1] (MD and CEO)
ProductsMotor Insurance, Health Insurance, Travel Insurance, Home Insurance, Marine Insurance
RevenueINR 94 billion (FY 2017-2018) [2]
₹6 billion (US$84 million)
ParentBajaj Finserv, Allianz SE
Websitewww.bajajallianz.com

History

Bajaj Allianz General Insurance received an Insurance Regulatory and Development Authority of India (IRDAI) certificate of registration on 2 May 2001 to conduct general insurance business, including health insurance, in India. In the first year of its operations the company had 36 offices and around 100 employees. The company started its operations with a paid up capital of ₹1.10 billion. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz SE. Bajaj Allianz is headquartered in Pune with offices in over 200 cities in India and more than 3,500 employees as of 2018.[4]

The Company lists 97 filed and approved products, of which 27 are health products[5].[6]

In January 2014, the company announced it would open up all-women branches. As of 2015, the company has 30 such branches in India.[7]

In February 2019, company has announced to start new brand named "Caringly Yours" [8][9]. As per Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance, this initiative is for providing seamless experience to their customers. [10]

In 2020, the company introduced a new health insurance plan called Health Infinity, that allows customers to avail quality medical treatment without any restrictions on the sum insured.[11][12]

References
  1. "Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance". India Today. 3 September 2015.
  2. "Annual-Report_BAGIC_2018.pdf" (PDF). Bajaj Allianz General Insurance Co.Ltd. Retrieved 15 May 2018.
  3. Bajaj Finserv justifies the rise in share price
  4. "About Bajaj Allianz General Insurance". Retrieved 2 December 2015.
  5. "Bajaj Allianz Health Insurance Products". Bajaj Allianz General Insurance.
  6. "Bajaj Allianz Product Category". Retrieved 2 December 2015.
  7. "Behind Bajaj Allianz General Insurance launching its all-women branch".
  8. "Bajaj Allianz unveils new brand identity 'Caringly Yours' - Exchange4media". Indian Advertising Media & Marketing News – exchange4media. Retrieved 26 November 2019.
  9. "'Caringly Yours': Bajaj Allianz unveils new brand identity with a new tag line". The Financial Express. 15 February 2019. Retrieved 26 November 2019.
  10. Bose, Aniruddha. "Our Aim Is To Provide Seamless Customer Experience & Insurance Solutions: Bajaj Allianz General Insurance". BW Businessworld. Retrieved 26 November 2019.
  11. "Bajaj Allianz offers unlimited sum insured with new health policy". Business Standard. 11 February 2020.
  12. "Bajaj Allianz launches new health insurance policy with unlimited sum insured". cnbctv18.com.
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