Bajaj Allianz Life Insurance is a combined venture of Bajaj Finserv and Allianz SE, which is one of the leading insurers. Allianz SE enjoys a global positioning as an insurance conglomerate and is among the top asset management service providers in the world as well.
It operates in at least 70 countries across the world and has a minimum of 119 years' experience in the financial industry. At present Allianz SE manages assets whose combined worth is more than INR 5500,000 crores.
Bajaj Allianz was incorporated on March 12, 2001 and initiated operations from August 3 in the same year. At present the insurer is managing assets worth INR 394.33 billion and it has a solvency ratio of 516.28%. It has won the Bloomberg UTV Award 2011 in the category named best utilization of information technology to transform business.
The insurer has also received the SKOCH Financial Inclusion Award 2012 for its financial inclusion initiatives through the life insurance products. Its micro-insurance program named Sarve Shakti Suraksha has also been recognized at the same event. The micro insurance program has also been awarded several Certificates of Merit.
The channel partners of Bajaj Allianz Life Insurance are Standard Chartered Bank, Team Life Care Co. (India) Ltd, and Dhanlakshmi Bank. Following are its major bankers:
- Standard Chartered Bank
- HDFC Bank
- AXIS Bank
- Citi Bank
- Deutsche Bank
Bajaj Allianz Life Insurance Products
The various products of the insurer may be mentioned as below:
Individual Life Insurance
Unit Linked Insurance Plans
- Regular Premium - iGain III, Smart Insurance Plan III, Money Secure Insurance Plan, Max Advantage Insurance Plan, and Assured Protection Insurance Plan
- Single Premium - Shield Insurance Plan, Wealth Insurance Plan, and Flexi Advantage Insurance Plan
Traditional Insurance Plans
- Endowment - InvestGain, Life Time Care, SaveCare Economy SP, and Super Saver
- Money Back - CashRich Insurance Plan, CashGain, Super CashGain Insurance Plan, and ChildGain
Term Insurance Plans
- Pure Risk Cover - iSecure Insurance Plan, New Risk Care II, and iSecure More Insurance Plan
- Risk Cover + Loan Protection - iSecure Loan Insurance Plan, and Protector
- Risk Cover + Return of Premium - Term Care
Life + Health Insurance Plans
- Family Care First
- Health Care
Pension Plans
- Pension Guarantee
Woman Insurance Plans
- Women Life Insurance
Additional Rider Benefits
- Bajaj Allianz Family Income Benefit
- Bajaj Allianz Critical Illness Benefit
- Bajaj Allianz Comprehensive Accident Protection Benefit
- Bajaj Allianz Hospital Cash Benefit
- Bajaj Allianz Supplementary Death Benefit
Group Life Insurance
Products
- Group Credit Protection Plus
- Group Save Plus
- Credit Shield
- Group Term Life in lieu of EDLI
- Group Suraksha
- Group Leave Encashment Scheme
- Sarve Shakti Suraksha
- Group Annuity
- Group Loan Protector
- Group Superannuation Gold
- Group Income Protection
- Group Gratuity Gold
- Group Wealth Insurance
- Group Employee Benefit
- Group Term Life
Riders
- Group Accelerated Critical Illness Rider
- Group Terminal Illness Rider
Micro Insurance
- Alp Nivesh Yojana
- Saral Suraksha Yojana
- Jana Vikas Yojana
Bajaj Allianz Life Insurance Office Details
The headquarters of Bajaj Allianz Life Insurance are at Pune and it also has 1044 offices across the country.
Bajaj Allianz Life Insurance Contact Details
The contact details of the insurer may be mentioned as below:
Bajaj Allianz Life Insurance Company Limited
Ground Floor, G.E. Plaza,
Airport Road, Yerawada,
Pune- 411006
Telephone number: 020-6602 6777
Fax: 020-6602 6789
E-mail address: life@bajajallianz.co.in
Toll free number: 1800-209-5858.
