Bajaj Allianz Life Insurance Company
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Bajaj Allianz Life Insurance Co. Ltd. is a joint venture between Allianz AG and Bajaj Auto Limited.
Characterised by global presence with a local focus and driven by customer orientation to establish high earnings potential and financial strength, Bajaj Allianz Life Insurance Co. Ltd. was incorporated on 12th March 2001. The company received the Insurance Regulatory and Development Authority (IRDA) Certificate of Registration (R3) No 116 on 3rd August 2001 to conduct Life Insurance business in India.
Bajaj Auto Ltd, the flagship company of the Rs. 8000 crore Bajaj group, is the largest manufacturer of two-wheelers and three-wheelers in India and one of the largest in the world. With over 15,000 employees, the Rs. 4000 crore auto giant is the largest 2/3-wheeler manufacturer in India and the 4th largest in the world.
Allianz AG is in the business of Life & Health Insurance, General (Property & Casualty) Insurance; and Asset Management and has been in operation for over 110 years. It is one of the largest global composite insurers with operations in over 70 countries through over 700 subsidiaries.
In Asia Pacific alone, the Allianz Group is present in 18 markets. During the fiscal 2000, Allianz had a Worldwide Gross Written Premium of US $ 63.7 billion. As to Global Rankings it has the highest Gross Written Premium in the World.