Bajaj Allianz General Insurance Company

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Bajaj Allianz General Insurance Company
Bajaj Allianz General Insurance Company
Limited   It is a joint venture between Bajaj
Finserv Limited (recently demerged from Bajaj
Auto Limited) and Allianz SE. Both enjoy a
reputation of expertise, stability and
strength. Bajaj Allianz received the Insurance
Regulatory and Development Authority (IRDA)
certificate of Registration on 2nd May, 2001 to
conduct various businesses (including Health
Insurance business) in India. The Company has
an authorized and paid up capital of Rs 110
crores. Bajaj Finserv Limited holds 74 and the
remaining 26 is held by Allianz, SE.  
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As on 31st March 2016, Bajaj Allianz continues to
be one of the most financially robust insurers in
the industry by maintaining its growth as well as
profitability. The company has made a profit
before tax of Rs. 771 crore and emerged as the
most profitable insurer recording a profit after
tax of Rs.564 crore. The company reported a GWP
of Rs. 59 1 crore, which has grown by 11.3
compared to the last fiscal, despite claims post
Chennai Floods.
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Our Achievements For the 10th consecutive year,
Bajaj Allianz General Insurance has received iAAA
rating from ICRA, indicating the highest claims
paying ability and a fundamentally strong
position in the industry. The first
accreditation was received in 2005-06 and the
company has maintained this rating since
then Bajaj Allianz General Insurance was
recognised as the Aon Best Employer 2016
highlighting the company's excellence in
promoting a transparent culture and healthy work
environment along with designing employee
friendly policies. The award was an outcome of
the Aon Best Employers 2016 Study which was
conducted in partnership with Business world and
Bloomberg TV. The company was chosen as one of
the best Health Insurance Providers of the Year
by Outlook Money Awards 2015, for best-in-class
and innovative products and services and
exceptional claims management processes
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Bajaj Allianz General Insurance was conferred
the Economic Times Best Corporate Brand Award as
an outcome of Economic Times Best Brands Survey
2016 identifying the company as one of the best
brands according to the consumers in urban India.
The company was ranked 2nd amongst top
health insurance brands in the country on the
basis of customer loyalty according to a
syndicated survey conducted by Indian Market
Research Bureau (IMRB). 
The company was recognized as the Most Admired
Health Insurance Company of the Year by Pharma
Leaders Power Brands Awards 2015 recognizing its
contribution in the health insurance space and
exceptional claim settlement services to our
customers.
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Bajaj Allianz General Insurance awarded The
Silicon Valley Business Award 2015 under the
categories Best Financial app and Best overall
app categories for its innovation - Insurance
Wallet. The awards recognize the leading
companies and world-class brands which are
leveraging apps and innovative technology devices
as a part of their broader cross-platform
business strategies. The company was awarded
the Claims Award Asia 2015, for the third
consecutive year, this time under the categories
of Insurer Claims team of the Year for claim
settlement during J K floods and Claims
Innovation of the Year for introducing innovative
claim settlement practices in health claims.
Previously, the company had won the Insurer
Claims Team of the Year Award 2014 for superior
Health Claim Management practices and Claims
Innovation of the Year Award 2013 for introducing
Tablet Based Application for settlement of Motor
Claims.
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