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Bajaj Allianz General Insurance Company Limited is a joint
venture between Bajaj Auto Limited and Allianz AG of Germany. Both enjoy
a reputation of expertise, stability and strength.
Bajaj Allianz General Insurance received the Insurance Regulatory and
Development Authority (IRDA) certificate of Registration (R3) on May 2nd,
2001 to conduct General Insurance business (including Health Insurance
business) in India. The Company has an authorized and paid up capital
of Rs 147 crores. Bajaj Auto holds 74% and the remaining 26% is held by
Allianz, AG, Germany.
In its first year of operations, the company has acquired the No. 1 status
among the private non-life insurers. As on 31st March 2006 Bajaj Allianz
General Insurance maintained its leadership position by garnering the
premium income of Rs.1285 crore. Bajaj Allianz has made a profit after
tax of Rs.52 crores.
Bajaj Allianz today has a network presence in over 100 towns spread across
the length and breadth of the country. From Surat to Siliguri and Jammu
to Thiruvananthapuram, all the offices are interconnected with the Head
Office at Pune.
In the first half of the current financial year, 2006-07, Bajaj Allianz
garnered a premium income of Rs. 842 crores, achieving a growth of 35%
and Net profits rose to Rs.27 Crores.
Vision
• To be the first choice insurer for customers
• To be the preferred employer for staff in the insurance industry.
• To be the number one insurer for creating shareholder value
Mission
As a responsible, customer focused market leader, we will strive to understand
the insurance needs of the consumers and translate it into affordable
products that deliver value for money.
A Partnership Based on Synergy
Bajaj Allianz General Insurance Company offers technical excellence in
all areas of General and Health Insurance as well as Risk Management.
This partnership successfully combines Bajaj Auto's in-depth understanding
of the local market and extensive distribution network with the global
experience and technical expertise of the Allianz Group. As a registered
Indian Insurance Company and a capital base of Rs. 147 crores, the company
is
• Fully licensed to underwrite all lines of general insurance business
including health
Our Achievements
• Bajaj Allianz has received ,"iAAA rating, by ICRA Limited,
an associate of Moody's Investors Services, for Claims Paying Ability.This
rating indicates highest claims paying ability and a fundamentally strong
position.
• Indias Most Respected Companies The Business World's Most Respected
Companies survey 2006 ,has ranked "Bajaj Allianz General Insurance,
No.2 this year, in the insurance sector.
Bajaj Allianz General Insurance Co. Ltd.
Head Office
Add. : GE Plaza 1 st Floor, Airport Road, Yerawada,Pune 411006
Tel : +91-020-66026666
Fax : +91-020-66026667
Email : info@bajajallianz.co.in
Jammu
Address : C/O J and K Bank Zonal Office Railhead Complex
Telephone : 2471663/2471554
Fax :
Pin Code : 180012
**Details taken from respective Company's Website
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