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 1.10 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 1.80 billion, becoming the only private insurer to cross the 1 billion mark in pre-tax profits in four years. The after-tax profit was 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.