bajaj allianz life

UK's Prudential plc is acquiring a 75% stake in Bharti Life Insurance for Rs 3,500 crore, gaining operational control and marking a strategic reset for its India business. This move allows Prudential to deploy a wider product suite and leverage Bharti's domestic reach, aiming to boost insurance penetration in India.

Segment Grows 15.4% To ₹1.4L Cr, Standalone Insurers Account For 33% Of Total Premium

Working life has been increasingly extending beyond 60 for a large chunk of the population. As a result, life insurers are designing policies that continue to function well beyond 60 and up to 70 and even 75 years of age.

bajaj allianz life Insurance on Wednesday launched an insurance plan offering a guaranteed regular deferred annuity during post-retirement life. There is a funding gap in the post-retirement life and lots of people will not be earning but would need funds, so this is a grave issue that needs to be addressed, said bajaj allianz life MD and CEO Tarun Chugh.

bajaj allianz life Insurance has entered into a long-term bancassurance agreement with Dhanlaxmi Bank. As part of the agreement, the bank will continue to be a Corporate Agent for nine years and sell life insurance products of bajaj allianz life Insurance.

bajaj allianz life Insurance has said its individual rated new business premium (IRNB) grew by around 49% in the 2021-22 fiscal, which it claims is one of the highest among private insurers in the country.The company also reported that it recorded a 39% growth in business for March.

bajaj allianz life Insurance Co. is drawing down its cash pile to load up Indian stocks on a bet that the equity market rout will bottom out soon.

Mumbai, Oct 13 () bajaj allianz life Insurance today launched 'Group Sampoorna Suraksha Kavach', a traditional Micro Group Insurance Term Plan.

New Delhi, Apr 22 () Bajaj Allianz General Insurance and bajaj allianz life Insurance in collaboration Wednesday launched their first product 'Total Health Secure Goal'. "This insurance plan is designed to take care of customers' health and life goals, through one comprehensive insurance policy.

Bajaj group will take over Allianz's 26% stakes in their insurance ventures for Rs 24,180 crore, making both insurers entirely Indian-owned. Bajaj Finserv’s stake will rise to over 75% in both firms. This acquisition ends a 24-year partnership with Allianz, allowing both to pursue independent insurance strategies in India, enhancing shareholder value.

JM Financial Credit Solutions will sell a 2.1% stake in its home loans subsidiary to bajaj allianz life Insurance for ₹65.5 crore. The deal, expected to close by August 31, will reduce JMFCSL’s holding in JM Financial Home Loans from 8.98% to 6.88%. Consequently, JM Financial’s stake in the home loans unit will decrease to 96.66%.

bajaj allianz life Insurance has developed insurance solutions that cater to every segment and age-income profiles.

Bajaj Finserv will sell part of its stake in its life and non-life insurance joint ventures to its foreign partner Allianz once the insurance Act is amended.

In a significant shift, Allianz plans to exit its joint ventures with Bajaj Finserv in life and non-life insurance after a two-decade-long collaboration. Holding a 26% stake, the German insurer seeks new opportunities in India's market. In the event of a departure, options include buyout by Bajaj or divestment through an IPO.