Automobile Blog

Bajaj Allianz a leader in private life insurance

Bajaj Allianz has affirmed its number one position among the private life insurers with 32 per cent market share and 467 per cent growth as per the latest IRDA results for the month of December, said Sam Gosh, country manager.

Giving details at a press conference here on Monday, Gosh, who is also chief executive officer Bajaj Allianz Life Insurance Company, said the company is holding number one position for the last six months and has become the leading private insurance company in India.

He said that the company has done business worth Rs 351.23 crore till December last, the highest amongst the private life insurance companies.

He further added that the company has been growing at a very high acceleration in the market.
He said the company has scheduled expansion plan in the state by increasing its present eight locations to many more locations and has also decided to increase its consultant numbers to 5000.

Jatinder Kaushik, AVP sales said that the Bajaj Allianz also has served the people by providing employment opportunities and recruited about 2000 people as qualified consultants. He further added that the company has developed insurance solutions that cater to every segment and age-income profiles and said that for companies it has provided comprehensive ‘Employee Benefit Solutions’ as Group Term Life, EDLI and Gratuity and for the individual invest gain as unique life insurance plan, cash gain, child gain and risk care.
He said the Allianz has launched a complete set of need-based products to cater to each varied needs of the customer and added that currently the company has a product portfolio of 26 and more need-based products are in the pipeline.