Bajaj Allianz General Insurance Company is a joint venture between Bajaj Auto Limited and Allianz SE. On 2nd May 2001, the company received an Insurance Regulatory and Development Authority certificate of registration to do a general insurance business, including health insurance, in India.
This firm has an authorized and paid up capital of Rs 110 crores. Bajaj Auto Limited owns around 74 percent of the stakes and the leftover 26 percent stakes is owned by Allianz SE. Head office of this organization is located in Pune and spread a network of offices in more than 200 cities throughout India.
Till 31st March 2010, Bajaj Allianz noted a profit before tax of Rs 180 crores, becoming the only private insurance company to cross the mark of Rs 100 crore in pre-tax profits in 4 years.
It is the only company in insurance market to gain underwriting profits for the last three years consecutively. In fact, this insurer is accredited with ‘iAAA’ rating, from ICRA Limited because they have highest claims paying ability and in the market, it is known as the fundamentally strong position holder.
Bajaj Allianz provides various policies in health insurance that includes Hospital Cash, Health Guard, Critical Illness, Silver Health, Personal Guard, Health Ensure and Star Package. Under travel insurance category, it offers Pravasi Bharti Bima Yojana (for NRIs), Student Companion, Travel Elite and Travel Asia.
Recognition & Awards
- Best Travel Insurer’, CNBC Awaaz Travel Award 2010
- General Insurer of the Year – Private Sector" and "Best Contribution on Investor Education & Category Enhancement", Bloomberg UTV Financial Leadership Awards 2011 and 2012.
- ‘Business Leader in General Insurance’, NDTV Profit Business Leadership Awards 2008.
Bajaj Allianz General Insurance - Product Portfolio
Bajaj Allianz Car Insurance Plans
- Bajaj Allianz car insurance policies offer you comprehensive coverage against bodily injury, physical damage and cover against third party liability if any damage to your vehicle because of accident or any other unexpected event.
- Two Wheeler Insurance
- Bajaj Allianz Car Insurance
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Bajaj Allianz Health Plans
- Medical costs are increasing day by day and hence, health insurance is necessary. It is an ideal solution which provides health protection to you and your loved ones. This plan is designed to take care of medical costs incurred during hospitalization because of critical illness/serious accident.
- Family Floater Health Guard
- Individual Health Guard
- Extra Care and Personal Guard
- Critical Illness for women
- Silver Health and Hoapital Cash
- Health Ensure,Star Package and Tax Gain
- Click here to know more about Health Insurance
Bajaj Allianz Travel Insurance Plans
- Online travel insurance plans give you an opportunity to travel overseas with your family without any worries. This policy covers expenses which can be incurred because of medical emergencies while traveling abroad or non-medical contingencies life loss of passport or checked in baggage etc.
- Bajaj Allianz Travel Companion
- Student Travel,Travel Elite,Swades Yatra and Travel Asia
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Bajaj Allianz Home Insurance Plans
- Home insurance policies are tailored to cover several risks as well as contingencies experienced by home owners.
- Householder Insurance
- Bajaj Allianz Easy Householders Package Policy
- Click here to know more about Home Insurance