Bajaj Allianz General Insurance

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Bajaj Allianz General Insurance Company Limited
Public company
Industry Insurance
Founded 2001
Headquarters Pune, India
Area served
Key people
Tapan Singhel (MD and CEO)
Website General Insurance

Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (formerly part of Bajaj Auto Limited) and Allianz SE.

Corporate history[edit]

Bajaj Allianz General Insurance received an Insurance Regulatory and Development Authority (IRDA) certificate of registration on 2 May 2001 to conduct a general insurance business, including health insurance, in India. The company has an authorized and paid up capital of INR1.10 billion. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz SE.

As of 31 March 2010, Bajaj Allianz reported a profit before tax of INR 1.80 billion, becoming the only private insurer to cross the INR 1 billion mark in pre-tax profits in four years. The after-tax profit was INR 1.21 billion, 27% higher than the previous year.

Bajaj Allianz is headquartered in Pune and maintains a network of offices in over 200 towns throughout India.

External links[edit]