Bajaj Allianz General Insurance
||It has been suggested that this article be merged with Bajaj Allianz Life Insurance. (Discuss) Proposed since February 2013.|
|Tapan Singhel (MD and CEO)|
Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (formerly part of Bajaj Auto Limited) and Allianz SE.
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.