Bajaj Life Insurance Ltd - Company Profile
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Bajaj Life Insurance Co Ltd (Bajaj Life) is a subsidiary of Bajaj Finserv Ltd. The company is a private life insurance company. The company focuses on providing life insurance solutions, including term plans, investment plans, and retirement plans. Its major products include ULIPs, term insurance plans, and endowment plans. Bajaj Life offers specialized plans such as the Superwoman Term Plan and diabetic term plans. The company's products cater to a diverse customer base, including individuals seeking protection, wealth creation, and retirement planning. Bajaj Life operates through a robust distribution network comprising branches, agents, and partnerships with banks and corporate agents. It serves customers across India and offers plans for non-resident Indians in various countries. Bajaj Life 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
2,500
Industry
Financial Services
Revenue (2025)
$4.6B
Bajaj Life Insurance 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 |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In June, the company, in a consortium, acquired a 3% stake in Anthem Biosciences Ltd. |
| 2026 | Stake Sale | In January, the company sold its 23% stake to Bajaj Finserv Ltd, Bajaj Holdings & Investment Ltd, and Jamnalal Sons Pvt. Ltd. |
| 2025 | New Products/Services | In October, the company introduced an enhanced customer app, Bajaj Life Insurance App. |
Competitor Comparison
| Key Parameters | Bajaj Life Insurance 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 | 2,500 | 84,565 | 25,672 | 38,291 | 19,303 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tarun Chugh | Chief Executive Officer; Director; Managing Director | Executive Board | 2017 | - |
| Vipin Bansal | Chief Financial Officer | Senior Management | 2024 | - |
| Chandramohan Mehra | Chief Marketing Officer | Senior Management | - | - |
| Farid Valani | Chief Risk Officer | Senior Management | - | - |
| Anil P.M. | Chief Compliance Officer; Head - Legal, Compliance, and Fraud Prevention Unit | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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