Edge Rewrite
everything Source code View original
// HTMLRewriter · presentation

This page was redesigned at the edge.

Cloudflare fetched the original article and streamed it through HTMLRewriter to apply an entirely new visual system without rebuilding the source page.

// request.cf · coarse context

A page that knows where it met you.

Only coarse request metadata is shown. This demo does not display or persist visitor IP addresses.

Country
US
Cloudflare location
CMH
Connection
HTTP/2
Language
Not provided

Ray ID: a252865c8e654c41

Jump to content

// Workers AI · dad joke modeWhat did Bajaj Life Insurance say to the policyholder? You're covered.

Add links
From Wikipedia, the free encyclopedia
Bajaj Life Insurance Limited
TypePrivate
Bajaj Life Insurance Company Ltd.
IndustryFinancial services
Founded12 March 2001; 25 years ago (2001-03-12)
HeadquartersPune, India
Area served
India, Dubai
Key people
Tarun Chugh (MD & CEO)
ProductsTerm life insurance Plans
ULIP Plans
Savings Plans
Retirement Plans
Child Plans
NRI Plans
Number of employees
28,000
ParentBajaj Group
Websitewww.bajajlifeinsurance.com
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.[8]

Till December 2023, the company's assets under management crossed Rs. 1 Lac crore.[9]

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.[10]

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.[11][12]

Operations

[edit]

The company managed its operations to all across India. Till 2023 it expanded its operation to Dubai and the GCC region.[13]

Awards & Recognitions

[edit]
  • Insurer Innovation Showcase Award 2025[14]
  • CII AI Awards 2025[15]
  • FICCI Insurance Industry Awards for 2023 & 2024[16][17]
  • Golden Peacock Award 2024 for HR Excellence in Insurance[18]

References

[edit]
  1. ↑ "A STUDY ON CUSTOMER RELATIONSHIP MANAGEMENT AT BAJAJ ALLIANZ LIFE INSURANCE COMPANY" (PDF). Ijesat.com.
  2. ↑ "Analysis of Life Insurance Industry in India" (PDF). Canarahsbclife.com. Canara HSBC Life Insurance.
  3. ↑ "A STUDY ON WORKING CAPITAL MANAGEMENT PRACTICES OF BAJAJ ALLIANZ LIFE INSURANCE CO., LTD, VIJAYAWADA" (PDF). Ijprems.com.
  4. ↑ "From Bajaj Allianz Life to Bajaj Life Insurance – Evolving for India's Financial Future". Hindustan Times. 9 October 2025.
  5. ↑ "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.
  6. ↑ "Bajaj Finserv rebrands insurance arms after Allianz exit". The Times of India. 8 October 2025.
  7. ↑ 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.
  8. ↑ "Evaluating the Growth and Performance of Bajaj Allianz Life Insurance Company Ltd since Privatization" (PDF). www.internationaljournalssrg.org.
  9. ↑ "Bajaj Allianz Life's assets under management crosses Rs 1 lakh crore". The Times of India. 14 December 2023.
  10. ↑ Kumar, N. Ravi (18 March 2025). "Bajaj to acquire Allianz's 26% stake in life, general insurance JVs for ₹24,000 cr". The Hindu.
  11. ↑ "Bajaj Group completes 23% stake acquisition in its insurance units from Allianz". The Economic Times. 8 January 2026.
  12. ↑ "Bajaj deal with Allianz values insurance arms at Rs 93000 crore". The Times of India. 8 January 2026.
  13. ↑ "Bajaj Allianz Life establishes presence in Dubai". Khaleej Times.
  14. ↑ Singh, Jyoti (13 October 2025). "Insurer Innovation Showcase Award Winner 2025 – Bajaj Allianz Life Insurance". The Digital Insurer.
  15. ↑ "CII AI Awards". cii-artificialintelligence.in.
  16. ↑ "Congratulations to the winners of the FICCI Insurance Industry Awards 2023! 🏆 Best Insurance Campaign Life-Category: Bajaj Allianz Life Insurance Company Limited Non-Life Category: Aditya Birla… | FICCI". LinkedIn. FICCI.
  17. ↑ "FICCI congratulates the winners of the FICCI Insurance Industry Awards 2024. Claims Excellence & Servicing – Life Category: Kotak Life and Bajaj Life Claims Excellence & Servicing – Non-Life… | FICCI". LinkedIn. FICCI.
  18. ↑ "Golden Peacock HR Excellence Award (GPHREA) - Winners". www.goldenpeacockaward.com.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Bajaj_Life_Insurance&oldid=1364426488"