Bajaj Allianz Life Insurance Company Ltd - Company Profile
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Bajaj Allianz Life Insurance Company Ltd (Bajaj Allianz), a subsidiary of Bajaj Finserv Ltd, is a provider of a wide range of life insurance products. The company offers unit linked insurance plans, term insurance plans, child insurance, and micro insurance. It also offers variable insurance plans, endowment plans, group income protection plans, group annuity plans, group employee benefit plans, and group variable insurance products. Furthermore, the company offers savings plans, investment solutions, and retirement plans. It sells its products through a network of offices, insurance consultants, brokers, banks, individual agents, direct selling, and corporate agents. Bajaj Allianz is headquartered in Pune, Maharashtra, India.
Headquarters
India
Address
Bajaj Allianz House, Airport Road, Yerawada, Pune, Maharashtra, 411006
Website
www.bajajallianzlife.com
Telephone
91 20 66026773
No of Employees
20,000
Industry
Financial Services
Revenue (2023)
$5.3B
Bajaj Allianz Life Insurance Company Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Individual Life Insurance: |
| Unit Linked Plans |
| Pension Plans |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In September, the company acquired a 0.13% stake in L &T Finance Holdings Ltd. |
| 2023 | New Products/Services | In May, the company announced the launching of an exclusive term plan Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c. |
| 2022 | Contracts/Agreements | In December, the company entered into an agreement with TMB to offer its retail products to customers. |
Competitor Comparison
| Key Parameters | Bajaj Allianz Life Insurance Company Ltd | Life Insurance Corporation of India | SBI Life Insurance Co Ltd | HDFC Life Insurance Co Ltd | ICICI Prudential Life Insurance Co Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Pune | Mumbai | Mumbai | Mumbai | Mumbai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 20,000 | 98,463 | 20,787 | 32,448 | 17,825 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tarun Chugh | Managing Director; Chief Executive Officer | Executive Board | 2017 | - |
| Bharat Kalsi | Chief Financial Officer | Senior Management | 2019 | - |
| Chandramohan Mehra | Chief Marketing Officer | Senior Management | - | - |
| Farid Valani | Chief Risk Officer | Senior Management | - | - |
| Anil P.M. | Head - Legal, Compliance, and Fraud Prevention Unit; Chief Compliance Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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