Bajaj Life Insurance
 | |
| Type | Private |
|---|---|
| Bajaj Life Insurance Company Ltd. | |
| Industry | Financial services |
| Founded | 12 March 2001 |
| Headquarters | Pune, India |
Area served | India, Dubai |
| Key people | Tarun Chugh (MD & CEO) |
| Products | Term life insurance Plans ULIP Plans Savings Plans Retirement Plans Child Plans NRI Plans |
Number of employees | 28,000 |
| Parent | Bajaj Group |
| Website | www |
| Footnotes [1][2][3] | |
Bajaj Life Insurance (formerly known as Bajaj Allianz Life Insurance Company Limited) is an Indian life insurance company headquartered at Pune, Maharashtra.[4][5]
The company is 100% owned by the Bajaj Group, an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926.[6][7]
History
[edit]Bajaj Life Insurance was incorporated on 12 March 2001 under the Companies Act, 1956, after the liberalization of the insurance sector in India. It obtained a license from the Insurance Regulatory and Development Authority for carrying on the business of life insurance on 3 August 2001. It is a joint venture between Bajaj Finserv Ltd. owned by the Bajaj Group and Allianz SE, a German financial services company.
Till December 2023, the company's assets under management crossed Rs. 1 Lac crore.[8]
In March 2025, Bajaj Finserv announced plans to acquire Allianz SE's 26% stake in the insurance joint ventures for approximately ₹24,180 crore, marking a significant shift in ownership.[9]
In January 2026, Bajaj Finserv and its promoter group completed the acquisition of a 23% stake from Allianz, increasing their combined ownership to about 97% and effectively ending the 24-year joint venture.[10][11]
Operations
[edit]The company managed its operations to all across India. Till 2023 it expanded its operation to Dubai and the GCC region.[12]
References
[edit]- ↑ "A STUDY ON CUSTOMER RELATIONSHIP MANAGEMENT AT BAJAJ ALLIANZ LIFE INSURANCE COMPANY" (PDF). Ijesat.com.
- ↑ "Analysis of Life Insurance Industry in India" (PDF). Canarahsbclife.com. Canara HSBC Life Insurance.
- ↑ "A STUDY ON WORKING CAPITAL MANAGEMENT PRACTICES OF BAJAJ ALLIANZ LIFE INSURANCE CO., LTD, VIJAYAWADA" (PDF). Ijprems.com.
- ↑ "From Bajaj Allianz Life to Bajaj Life Insurance – Evolving for India's Financial Future". Hindustan Times. 9 October 2025.
- ↑ "Bajaj Group get CCI's nod to acquire Allianz's 26 pc stake in insurance JVs for Rs 24,180 cr". The Economic Times. 21 May 2025.
- ↑ "Bajaj Finserv rebrands insurance arms after Allianz exit". The Times of India. 8 October 2025.
- ↑ Kochuveedan, Benn (8 January 2026). "Bajaj group pays Allianz Rs 21,390 crore for buying back 23% stakes in insurance JVs". The New Indian Express.
- ↑ "Bajaj Allianz Life's assets under management crosses Rs 1 lakh crore". The Times of India. 14 December 2023.
- ↑ Kumar, N. Ravi (18 March 2025). "Bajaj to acquire Allianz's 26% stake in life, general insurance JVs for ₹24,000 cr". The Hindu.
- ↑ "Bajaj Group completes 23% stake acquisition in its insurance units from Allianz". The Economic Times. 8 January 2026.
- ↑ "Bajaj deal with Allianz values insurance arms at Rs 93000 crore". The Times of India. 8 January 2026.
- ↑ "Bajaj Allianz Life establishes presence in Dubai". Khaleej Times.
External links
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