Bajaj Allianz Life Insurance is made by a partnership between the two powerful and successful entities that made the company in one of the leading Life Insurance in India. They are Bajaj FinServ, One of India’s most diversified NBFC and Allianz SE, One of World’s Leading Asset manager and insurer.


Managing Director & CEO Mr. Tarun Chugh
Foreign Partner Bajaj FinServ Limited – Most diversified NBFC – 74% Allianz SE – 26%
Covering range of people 3.44 Cr people with 582 branches and 80,000+ Agents
Contact Details Toll-free   : 1800 209 7272/4040 Website    : BAJAJ ALLIANZ LIFE Mail           :
Latest Claim Settlement Ratio 98.02% (FY 2019-20)
Net Worth 9,731 Cr
Asset Under Management 56,085 Cr as on 31st March 2020
Solvency Ratio 745%
Mission To become undisputed leader amongst non-bank promoted life insurance companies in Top-line and profitability
Year of start 2001
IRDAI registration No 116
Corporate Office Bajaj Allianz Life Insurance Company Ltd Bajaj Allianz House, Airport Road, Yerawada, Pune, Maharashtra – 411006.
Banking Partner Axis Bank RBL Bank Dhanlaxmi Bank United Bank of India Syndicate Bank IDFC First Bank
Awards and Recognition 1)’Best ULIP of the year’ at the Business today-Money today Financial Awards 2020. 2)’Best Digital Customer Experience Initiative’ award at the customer FEST Leadership Awards 2020. 3)Customer Experience Award for the best use of    Innovation to enhance Customer Experience 2019. 4)Best Online User Experience Award 2019. 5)Bajaj Allianz Life Goal Assure has been awarded the ‘Best ULIP of the Year’ 2019. 6)Digital Marketer of the Year 2018.
Top selling Best Products 1)Bajaj Allianz Invest Assure 2)Bajaj Allianz Life Long Assure 3)Bajaj Allianz iSecure 4)Bajaj Allianz Young Assure
Social Media Links Twitter     : Facebook : Instagram : You Tube   :
Associated Companies 1)Bajaj FinServ Limited 2)Bajaj Allianz General Insurance Company Limited 3)Bajaj Finance Limited 4)Bajaj FinServ Direct Limited 5)Bajaj Financial securities Limited 6)Bajaj Housing Finance Limited


They started the operations after getting the license from IRDAI on 2001 and expanded their presence across the country by less than two decades. This company has 582 branches and 80,000+ agents to serve millions of customers and having a comprehensive set of trusted partners through their online sales channel.


The Brand of this company promises for the customers life goals and drives it to launch innovative insurance solutions including the revolutionary RoMC, some new feature in its new age ULIP’s, and become the first company to do so.

They transformed to technically enabled state of services to enhance the customer experience and delight. They using several new and unique platforms to engage their customers and has securely place in the Guinness Book of World records with the Bajaj Allianz Plankathon 2018.


The company's mission is to become undisputed leader amongst non-bank promoted life insurance companies in top-line and profitability with the help of their promoters Bajaj FinServ Ltd and Allianz SE.


The company is a part of Bajaj Group deals with financial services. Its core business is spread across Lending, Insurance and wealth advisory. Bajaj Finance Limited is the lending and wealth advisory arm of Bajaj FinServ Limited. It is the most diversified non-bank in India with multiple products across consumer, commercial and SME Finance making it one of the most profitable organization.


In Insurance sector there are two insurance company and covering both Life and non-life, Bajaj Allianz Life Insurance and Bajaj Allianz General insurance company. The both insurance companies are joint venture with Allianz SE, Germany. Bajaj FinServ Holding majority of shares in these two companies and manage operations individually in general and life insurance spaces.


Hence, the combination of technical expertise and experience of Allianz SE and the in-depth market knowledge and goodwill of Bajaj brand in India, offers comprehensive insurance solution to their customers. Their products are customized and having competitive pricing, that leads to earn Bajaj Allianz Life customer’s trust and market leadership in a very short time. Bajaj Allianz Life insurance has developed life insurance solutions that cater to every segment and income profiles. They have a strongest life insurance product that suitable to all type of people with their all stages of life cycle to fulfill their needs from ULIP’s to Child Plans, from group insurance to health insurance solutions. Bajaj Allianz General Insurance solutions cover a wide range of needs, from health insurance to motor insurance, to travel insurance, and more.

Allianz SE

Allianz SE, the parent company is Headquartered in Munich, Germany. The Allianz is a global financial services provider mainly in insurance and asset management business.

This company present in more than 70 countries and having 88 million retail & corporate customers because of their knowledge, global presence, financial strength and solidity. In fiscal year of 2017, they had over 140,000 employees worldwide and lead them to achieve total revenues of 11.1 billion euros.


In this pandemic Covid-19 situation Bajaj Allianz Life Insurance provide death claim to their customers as per the IDRAI guidelines and also retain all its more than 10,000 employees and making sure that they have to be protect and getting any support if needed in this environment.


The CEO and MD of Bajaj Allianz Life Insurance Mr. Tarun Chugh said that this unusual times the companies primary goal is to ensure their employees and stakeholders are safe and secure with company’s support.

The company has a confident with the focused training modules about their employees are better aligned to new way of working style, also promote and encourage digital processing of delivering products to their customers and stay them invested to achieve their life goals.

Private Insurance companies including Bajaj Allianz Life increases, the premium of term insurance 30% at this time when the increasing the demand for life cover in this pandemic situation. Bajaj Allianz declared attractive bonus rates of participating policies for FY 2019-2020.

Hence, Bajaj creating a new trend in life insurance in India and it is amongst ‘Top 75 most valuable Indian Brands 2019’. It is the most Trusted Brand and they provide claim approval in a day, that leads to getting AAA Rating by CARE – Highest Claims Paying Ability. Bajaj’s priority is not to sell Life Insurance, it is to serve people in the fastest & most convenient manner when people need them.


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