Bajaj Allianz Life Insurance crossed a major milestone 50 lakh individual policies, since inception in October 2001. Riding on a strong growth momentum this financial year, the insurer issued over 15 lakh polices and collected over Rs2,500 crore in premiums, a company release said.
“We have been focusing on reaching out to the masses across the country
with wide range of flexible products and services to suit all segments of the society and this has helped us grow fast and build a strong brand name and customer franchise in a short span of time,” CEO Kamesh Goyal said.
“So far the company has issued 5,026,704 policies. Last year, the total number of policies issued were more than 20 lakh 79 thousand,” Goyal revealed.
The company entered into business in the second half of financial year 2001-02 after receiving license from insurance regulator IRDA and had issued 21,376 policies for the period.
“We have been focusing on reaching out to the masses across the country
with wide range of flexible products and services to suit all segments of the society and this has helped us grow fast and build a strong brand name and customer franchise in a short span of time,” CEO Kamesh Goyal said.“So far the company has issued 5,026,704 policies. Last year, the total number of policies issued were more than 20 lakh 79 thousand,” Goyal revealed.
The company entered into business in the second half of financial year 2001-02 after receiving license from insurance regulator IRDA and had issued 21,376 policies for the period.
Bajaj Allianz Life Insurance reported a profit of Rs. 63 crore for the financial year 2006-07. In the first quarter of the financial year 2007-08, the profit has been reported as Rs 30 crore.
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