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Bajaj Allianz General Insurance

About Us

About Us

We are the general insurance arm of Bajaj Finserv Limited and one of the largest and most profitable private general insurer in the market, catering to more than 140 million customers across the country.

We are the general insurance arm of Bajaj Finserv Limited and one of the largest and most profitable private general insurer in the market, catering to more than 140 million customers across the country.

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Company Overview

Company Overview Company Overview

Bajaj Allianz General Insurance Company Limited is a joint venture between Allianz SE, the world’s leading insurer, and Bajaj Finserv Limited. We received the certificate of registration from IRDA on 2nd May 2001 to conduct general insurance business in India.

Today, we are one of the largest private insurer in the industry, with offices in over 1,000 towns and cities. In the journey spanning more than two decades, we rose from a humble start-up to an industry leader and has gained the trust of close to 150 million customers with the help of over 10,000 employees, a robust distribution network of close to 50,000 agents, about 9,000 motor dealer partners and 130 bank partners.

We cater to individuals across demographics of the country and the corporate sector with our wide range of products and best-in-class services. We are not only bringing insurance solutions to the customers’ doorstep but also improving insurance penetration, with our advanced digital presence and innovation-led approach. We are known for our strong claims-paying ability and best-in-class claim service. We have a strong focus on customer centricity and aim at delivering superior value with an excellent and caring experience for the customers.

Our Journey

Our Journey Our Journey

From receiving the certificate of registration from IRDA in 2001 to serving over 150 million customers by 2024, we have remained true to our founding principles and worked towards simplifying and protecting the lives of our customers. Bajaj Allianz General Insurance came into being on 2nd May 2001 when we received the certificate of registration from IRDA to conduct general insurance business in India.

Right from our inception, we started a streak of innovation that has continued to revolutionize the Indian Insurance Industry. We were the first insurance company in India to issue policies online, and to establish the first in-house health claim settlement facility (HAT). We launched first of its kind distribution channel, Virtual Office Network to take insurance to the grass root level and also became the first insurer in India to introduce the ‘All Women Branch.’

During the 2014 Jammu and Kashmir floods, we settled claims worth INR 1,000+ crore. In a revolutionary step, we launched DriveSmart – India’s first telematics offering and country’s first individual Cyber Insurance Policy. During the COVID-19 pandemic, we issued 27.7 lakh policies and settled 11.4 lakh claims with the industry’s lowest grievance ratio.

In the last few years, we have introduced a range of new products like Health Infinity, Pet insurance, Criti-care, Health Prime Rider, Global Health Care, Respect – Senior Care Rider and V-Pay. We also launched India’s first ‘Surety Bond Insurance' to further the growth of the Indian infrastructure sector.

That is not it, in 2023, we conceptualized and came out with first ever General Insurance Festival of India (GIFI), to celebrate the profession of General Insurance. The first edition of GIFI, held in Pune (India), created history and set a new Guinness World Records for the Largest Attendance For An Insurance Conference.

We constantly strive to make a difference to society, and are committed to reach every Indian household to contribute to the vision of Insurance for All by 2047, set forth by IRDAI. We aim to play a significant role in building a sustainable and resilient economy.

Awards and Accolades

Awards and Accolades Awards and Accolades

It is gratifying that our endeavours to enhance the lives of our employees and customers are recognised. With a strong emphasis on growth, innovation, and well-being, we strive to become an organisation that exceeds consumer expectations by making every interaction seamless. It is also our employees who translate our brand vision into reality. We support a collaborative, high-performance culture where everyone has an equal chance to be their best. Being acknowledged as a great place to work fills us with a sense of pride.

Latest News

India needs another 10 Bajaj Finances to realise its potential
The Economic Times, 17th June

India needs another 10 Bajaj Finances to realise its potential

  • In an interview with ET Now, Sanjiv Bajaj stated, “For India to realise its full potential, the country will need another ten Bajaj Finances and ten HDFC Banks.”
  • Bajaj believes the next decade could belong to India despite the uncertainty over inflation.
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Rate hike taking us closer to pre-pandemic levels: Sanjiv Bajaj
The Economic Times, 8th June

Rate hike taking us closer to pre-pandemic levels: Sanjiv Bajaj

  • CII President Sanjiv Bajaj points out that the increase in repo rate is normalisation of rates to take it close to where it was before COVID-19 hit us.
  • “I do not see the current rate hike as having a significant dampener for credit growth. Good quality projects will get access to capital,” adds Sanjiv Bajaj.
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Sanjiv Bajaj Says World Looking Up to India Amid Sombre Mood
Bloomberg, 23rd November

Sanjiv Bajaj Says World Looking Up to India Amid Sombre Mood

  • Over the next decade, there is no reason why India should not play a stronger role, Sanjiv Bajaj says.
  • A number of sectors in India are seeing uptick in capex cycle, Bajaj said, adding not just commodities, but also real estate and construction, and logistics.
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