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Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. [29] It offers insurance products for financial planning and security. [ 30 ] The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct life insurance business in India. [ 31 ]
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Bajaj Allianz Life Insurance Co. Ltd. Private Pune: 2001 10: PNB MetLife India Insurance Co. Ltd. Private Mumbai: 2001 11: Reliance Nippon Life Insurance Company: Private Mumbai: 2001 12: Aviva Life Insurance Company India Ltd. Private Gurugram: 2002 13: Sahara India Life Insurance Co. Ltd. Private Lucknow: 2004 14: Shriram Life Insurance Co ...
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Bajaj Group is an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. [2] [3] The group comprises 40 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer. [4]
The net incurred claims ratio slightly decreased to 91.32% in 2022-23 from 100.47% in 2021-22. The Gross Investment income registered a growth compared to last financial year. From ₹ 2,935.03 crore (US$340 million) in 2021-22, it rose to ₹ 3,573.57 crore (US$420 million) in 2022-23.
The IRDA opened up the market in August 2000 with an invitation for registration applications; foreign companies were allowed ownership up to 26 percent. The authority, with the power to frame regulations under Section 114A of the Insurance Act, 1938, has framed regulations ranging from company registrations to the protection of policyholder ...
He handled portfolios in sectors that included accounts, IT, underwriting, claims, marketing, sales, etc. throughout his career. Since 2001, Tapan was the chief marketing officer at Bajaj Allianz General Insurance, heading retail channels and territories. He has been with Bajaj Allianz since its inception in 2001.