Market Research Report on Bajaj Allianz Life Insurance Co. Ltd.
Company Overview
Name:
Bajaj Allianz Life Insurance Co. Ltd.
Mission of the Company:
Bajaj Allianz Life is committed to offering value-packed and innovative products that are designed to meet long-term life goals of customers ranging from protection and wealth creation to retirement solutions.
Foundation:
The company was founded in August 2001.
Founding Partners:
It is a joint venture between Bajaj Finserv Limited and Allianz SE.
Key People:
- Tarun Chugh - Managing Director and Chief Executive Officer
- Vipin Bansal - Chief Financial Officer
- Anil P.M. - Head - Legal & Compliance and Chief Compliance Officer
- Sampath Reddy - Chief Investment Officer
- Rajesh Shanoy - Company Secretary
- Avdhesh Gupta - Appointed Actuary
- Farid Valani - Chief Risk Officer
Headquartered:
Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra, India.
Number of Employees:
Approximately 25,000 team members.
Revenue of the Company:
No information is available.
Known For:
Bajaj Allianz Life Insurance is known for disrupting the life insurance industry with innovative products and comprehensive services. It is recognized for having a high claim settlement ratio and significant assets under management.
Products
Bajaj Allianz Life ETouch:
- Type: Non-Linked, Non-Participating, Individual Life Insurance Term Plan.
- Features:
- Covers death, terminal illness, and disability.
- Premium holiday option for 1, 2, or 3 years during the premium payment term.
Bajaj Allianz Life Goal Assure II:
- Type: Unit-linked Non-Participating Individual Life Savings Insurance Plan.
- Features:
- Tax saver.
- Return of life cover charges.
Bajaj Allianz Life ACE:
- Type: Non-linked, Participating, Individual Life Insurance Savings Plan.
- Features:
- Protection throughout the policy term, up to 100 years.
- Tax benefits on premiums and benefits.
Bajaj Allianz Life Guaranteed Pension Goal II:
- Type: Non-Linked Non-Participating Immediate & Deferred Annuity Plan.
- Features:
- No medical checks required.
- Quick issuance.
Bajaj Allianz Invest Assure:
- Type: Non-linked Participating Endowment Life Insurance Plan.
- Features:
- Choice of two variants: Silver or Gold.
- Limited premium payment option.
Recent Developments
Recent Developments:
1. Extended Digital Ecosystem:
- Enhanced customer engagement with digital tools like WhatsApp Business account, SmartAssist, and QR-code enabled branch services.
2. Extensive Distribution Network:
- 544 branches with over 1,53,990 agents and several partnerships with key banks like AXIS, Bandhan, and IDFC First.
New Products Launched:
1. Most Innovative Product Award for Bajaj Allianz Life ACE - at The Navbharat BFSI Summit and Awards 2023.
New Partnerships:
No information is available.
Note: The report is based on the provided data and structured to match professional standards for market research reports. Fields marked as "No information is available" indicate that the data was not found or provided.