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Last updated: 19 Sep 2025, 01:30 PM
Bajaj Allianz General Insurance: Innovative Protection for a Secure Tomorrow
Bajaj Allianz General Insurance Company Limited, established in 2001 as a joint venture between Bajaj Finserv Limited (a leading Indian financial services group) and Allianz SE (a global insurance leader from Germany), is headquartered in Pune. As one of India's top private general insurers, it focuses on customer-centric innovation and digital accessibility to deliver seamless protection solutions.
In-Depth Details
Key Highlights
- Products Offered: 50+ diverse plans for individuals and corporates, including health (e.g., Health Guard with 4X coverage and wellness benefits), motor (e.g., CarSecure with zero-depreciation), travel (e.g., Travel Elite for global emergencies), home (e.g., HomeSecure), personal accident, cyber (e.g., Individual Cybersafe for online threats), marine, fire, engineering, and commercial liability—featuring add-ons like maternity, AYUSH coverage, and parametric climate insurance for tailored risk management.
- Reach & Scale: Over 1,100 offices across 800+ towns and cities, 15,000+ network garages, 8,000+ network hospitals; serves 150+ million customers, issuing 2.79 crore policies in FY 2023-24.
- Performance Metrics: Incurred Claim Ratio of 93.1% (FY 2021-22, latest public data); 98.54% car claim settlement ratio; Q4 FY 2024-25 revenue: ₹4,326 crore, net profit: ₹363 crore, solvency ratio: 325%, combined ratio: 104.8%.
- Achievements: 'Best Insurer in India' by IDC Financial Insights Innovation Awards 2020; Golden Peacock Award 2014 for Innovative Products/Service; 'Claims Service Company of the Year' by Indian Insurance Awards 2013; recognized for HR Excellence and digital innovations like state-wise health policies and Bima-ASBA facility in 2025.
