Bajaj Allianz General Insurance: Difference between revisions

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{{short description|Indian private insurance company}}
#REDIRECT [[Bajaj Finserv]]
{{Use Indian English|date=December 2015}}
{{Use dmy dates|date=December 2015}}
{{Infobox company
| name        = Bajaj Allianz General Insurance Company Limited
| logo        =
| type        = [[Joint venture]]
| industry    = [[Financial services]] 
| foundation  = {{start date and age|df=yes|2001}}
| location    = [[Pune, India]]
| parent      = [[Bajaj Finserv]]<br />[[Allianz SE]]
| net_income  = {{INRConvert|998|c}} (2020)
| revenue    = {{INRConvert|12430|c}} (2020)<ref>{{cite web|url=https://www.bajajallianz.com/download-documents/financialinformation_general/2019-20Q4/NL-2.pdf|format=PDF|title=Annual-Report_BAGIC_2020|access-date= 15 May 2020|publisher=Bajaj Allianz General Insurance Co.Ltd.}}</ref>
| area_served = India
| key_people  = [[Tapan Singhel]] (MD & CEO)<ref>{{cite news|title=Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance|url=https://www.indiatoday.in/india-today-money/insurance/story/covering-all-towns-and-most-villages-is-the-biggest-challenge-286854-2015-08-06|work=[[India Today]]|date=3 September 2015}}</ref>
| products    = [[General insurance]]<br />[[Health Insurance]]<br />[[Vehicle insurance]]<br />[[Travel Insurance]]<br />[[Life insurance]]
| homepage    = {{URL|http://www.bajajallianz.com}}
}}
 
'''Bajaj Allianz General Insurance''' is a private general [[insurance]] company in India.<ref>[http://www.livemint.com/Money/5dFM2ktg0LWCfiMjPBouFN/Bajaj-Finserv-justifies-the-rise-in-share-price.html Bajaj Finserv justifies the rise in share price]</ref> 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 German financial services company.
 
== 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 2018.<ref>{{cite web|title=About Bajaj Allianz General Insurance|url=http://www.bajajallianz.com/Corp/aboutus/general-insurance-company.jsp|access-date=2 December 2015}}</ref>
 
The Company lists 97 filed and approved products, of which 27 are health products.<ref>{{cite web |title=Bajaj Allianz Health Insurance Products |url=https://www.bajajallianz.com/Corp/health-insurance/health-insurance.jsp |website=Bajaj Allianz General Insurance}}</ref><ref>{{cite web|title=Bajaj Allianz Product Category|url=http://www.bajajallianz.com/Corp/aboutus/general-insurance-product-info.jsp|access-date=2 December 2015}}</ref>
 
In January 2014, the company announced it would open up all-women branches. As of 2015, the company has 30 such branches in India.<ref>{{cite news|title=Behind Bajaj Allianz General Insurance launching its all-women branch|url=http://www.businesstoday.in/opinion/interviews/bajaj-allianz-general-ceo-tapan-singhel-on-all-women-branch/story/202252.html}}</ref>
 
In February 2019, company started new brand named "Caringly Yours".<ref>{{Cite web|url=https://www.exchange4media.com/marketing-news/bajaj-allianz-unveils-new-brand-identity-caringly-yours-94697.html|title=Bajaj Allianz unveils new brand identity ‘Caringly Yours’ – Exchange4media|website=Indian Advertising Media & Marketing News – exchange4media|language=en|access-date=2019-11-26}}</ref><ref>{{Cite web|url=https://www.financialexpress.com/industry/caringly-yours-bajaj-allianz-unveils-new-brand-identity-with-a-new-tag-line/1488042/|title=‘Caringly Yours’: Bajaj Allianz unveils new brand identity with a new tag line|date=2019-02-15|website=The Financial Express|language=en-US|access-date=2019-11-26}}</ref>
 
==References==
{{Reflist}}
 
==External links==
* {{official}}
{{Insurance in India}}
{{Bajaj Group}}
{{Allianz}}
{{Major insurance companies}}
 
 
[[Category:Bajaj Group]]
[[Category:Allianz]]
[[Category:Financial services companies established in 2001]]
[[Category:Insurance companies of India]]
[[Category:Financial services companies based in Pune]]
[[Category:List of Institutions using TCS BaNCS]]
[[Category:2001 establishments in Maharashtra]]

Latest revision as of 19:03, 20 January 2022

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