Bajaj Allianz General Insurance Company Ltd

Bajaj Allianz General Insurance Company Ltd. is a joint venture between Bajaj Finserv Ltd. And Allianz, SE. the company was merited with the certificate of registration by Insurance Regulatory and Development Authority (IRDA) on 05 May, 2002 to escort the general and health insurance business in India. The company holds an accredited and paid up revenue of Rs.120 crores, wherein Bajaj Finserv Ltd holds 78% and rest of 22% are held by Bajaj Allianz, SE. Bajaj Allianz General Insurance maintained its reputation in the insurance industry by the profitable income of Rs.2579 crore last year, achieving the growth of 44%. Profit Before taxes was 168 crore and it also proudly became the first company to cross the 200 crores mark in profit after tax by executing 175 crores.In the first quarter of 2008-2009, the company earned agross premium of Rs. 733.53 crores as compared to Rs 573.73 crore last year for the same period registering a growth of 30%.