Type Private Limited Area served Worldwide Headquarters Pune Net income 6 billion INR | Industry Insurance Website www.bajajallianz.com Founded 2001 Parent organization Bajaj Finserv Ltd. | |
Key people Tapan Singhel (MD and CEO) Products Motor Insurance, Health Insurance, Travel Insurance, Home Insurance, Marine Insurance CEO Tapan Singhel (1 Apr 2012–) Revenue 59 billion INR (2015–2016) Profiles | ||
Journey of 15 glorious years bajaj allianz general insurance
Bajaj Allianz General Insurance is a private general insurance company in India. The company is a joint venture between Bajaj Finserv Limited (formerly part of Bajaj Auto Limited) owned by the Bajaj Group of India and Allianz SE, a European financial services company.
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History
Bajaj Allianz General Insurance received an Insurance Regulatory and Development Authority of India (IRDAI) certificate of registration on 2 May 2001 to conduct general insurance business, including health insurance, in India. In the first year of its operations the company had 36 offices and around 100 employees. The company started its operations with a paid up capital of ₹1.10 billion. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz SE. Bajaj Allianz is headquartered in Pune with offices in over 200 cities in India and more than 3,500 employees as of 2015.
The Company lists 97 filed and approved products, of which 27 are health products.
In January 2014, the company announced it would open up all-women branches. As of 2015, the company has 30 such branches in India.