Bajaj Allianz General Insurance Co. Ltd. Insurance Co. Ltd.
Company |
Bajaj Allianz General Insurance Co. Ltd. |
Year Established |
2001 |
Brief History |
Bajaj Allianz General Insurance received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct General Insurance business (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is tfuld by Allianz, SE. As on 31st March 2009, Bajaj Allianz General Insurance maintained its premier position in the industry by achieving growth as well as profitability. The company garnered a premium income of Rs. 2866 crore, achieving a growth of 11 % over the last year. Bajaj Allianz has made a profit before tax of Rs. 149.8 crore and has become the only private insurer to cross the RS.100 crore mark in profit before tax in the last three years. The profit after tax was Rs.95 crores, which is also the highest by any private insurer. |
Promoters of the company |
Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a reputation of expertise, stability and strength. |
Share Capital (In crores) |
110 crores |
Solvency margin ratio |
1.62 |
Credit rating |
"iAAA" Credit Rating from ICRA |
ISO Certificate |
ISP 27001 CERTIFIED |
Grpss Direct Premium 2008-2009 (In crores) |
2866.2 |
Net Claim Incurred 2008-2009 (in crores) |
1359.91 |
No of Employees |
3973 |
No. of Branch Offices India = Overseas = |
200 0 |
Name & Designation of Key Executives |
Mr. Hemant Kaul, CEO Ms. Asha J. Joshi, Appointed Actuary |
Head Office (Corporate Office) Address |
Bajaj Allianz General Insurance Co. Ltd. GE Plaza, 1st Floor, Airport Road, Yerawada, Pune 411006 |
Contact Number |
Telephone : 91-020-66026666 Fax : 91-020-66026667 Email: info@bajajallianz.co.in Toll Free No. 1800-102-5858 |
Website |