Bajaj Allianz Life is a joint venture between Bajaj Finserv Limited (India’s most diversified Non banking financial services company) and Allianz SE ( German multinational financial services company).
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Bajaj Allianz Life Overview
- Bajaj Allianz life is one of the leading life insurance companies in India.
- They started their operations in the year 2001.
- They serve millions of customers through its 509 branches and 96,000+ agents across India.
- They specialize in products like Term Insurance, ULIP, Savings, Health and Retirement solutions.
CEO and Contact Details of Bajaj Allianz Life
| Managing Director and CEO | Mr. Tarun Chugh |
| Corporate Office Address | Bajaj Allianz House, Airport Road, Yerawada, Pune – 411 006, Maharashtra |
| Contact No. | Customer Care Helpline : 1800-209-7272 For NRI : +91 20 67688888 (Call charges apply) |
| Email ID | Customer Service : customercare@bajajallianz.co.in Sales Enquiry : websaleslife@bajajallianz.co.in Cyber Cell : cyber.cell@bajajallianz.co.in |
| Employee count | 10,000+ |
| Assets Under Management (AUM) | ₹ 73,773 Crores (As on Mar 31, 2021) |
| Bajaj Allianz Life Website | https://www.bajajallianzlife.com/ |
| Bajaj Allianz Life Twitter | https://twitter.com/bajajallianzLIC |
| Bajaj Allianz Life Facebook | https://www.facebook.com/bajajallianzlifeinsuranceltd/ |
| Bajaj Allianz Life | https://www.linkedin.com/company/bajaj-allianz-life-insurance-co-ltd-/ |
Bajaj Allianz Life Term Insurance Plans
- Term insurance is the most affordable way to keep your family’s life goals on track in your absence.
- Term insurance is the simplest and purest form of life insurance.
- The premium of a term plan depends on many factors such as age, gender, ppt, policy term, sum assured, etc.
- Bajaj Allianz Life has a variety of term plans based on different needs of the customers.
Lets, check the list of term insurance plans from Bajaj Allianz Life. Click on the plans to get the detailed review of it.
| Product Name | UIN No |
| Bajaj Allianz Life Smart Protect Goal | |
| Bajaj Allianz Life eTouch Online Term Plan | |
| Bajaj Allianz Life iSecure | |
| Bajaj Allianz Life Saral Jeevan Bima |
Claims process of Bajaj Allianz Life
Claim process is a procedure through which claim is authenticated and claim amount is disbursed to the policyholder or nominee or beneficiary or appointee or assignee. Bajaj Allianz life makes sure that claim registration is simple, hassle-free.
Click here to get the Bajaj Allianz Life claim process in detail
Bajaj Allianz Life Claim Settlement Ratio
- Claim settlement ratio is the percentage of claims settled out of the total number of claims filed in a financial year.
- Higher the percentage, better is the insurer.
- IRDAI (Insurance regulatory and development authority of India) issues an annual report on claim settlement ratio of life insurance companies every year.
For example : Let’s suppose Bajaj Allianz Life has received 100 claims in a financial year and it settles 95 in the same financial year. So the claim ratio of Bajaj Allianz Life will be (95/100) x 100 = 95% for the same financial year.
Claim settlement ratio of last 5 years of Bajaj Allianz Life
| Year | Claim Ratio |
| 2021-22 | 99.02% |
| 2020-21 | 99.25% |
| 2019-20 | 98.01% |
| 2018-19 | 96.45% |
| 2017-18 | 95.67% |
| 2016-17 | 97.11% |
Bajaj Allianz Life Claim Settlement Ratio Trend 2006 to 2022 >
Market share of Bajaj Allianz Life
It is the percentage of new business (first year + single) premium received out of the total new business premium received by all life insurance companies.
Market share of last 5 years of Bajaj Allianz Life
| Year | Market Share |
| 2020-21 | 2.26% |
| 2019-20 | 2.00% |
| 2018-19 | 2.29% |
| 2017-18 | 2.21% |
| 2016-17 | 1.88% |
Bonus Rates of Bajaj Allianz Plans
Every year Bajaj Allianz Life declares bonuses to their premier products which participate in profits.
Click here to Get Bonus Rates of All Bajaj Allianz Life Policies
Bajaj Allianz Life Branch Locator
We have made a list of Bajaj Allianz Life branches in top 10 cities i.e Mumbai, New Delhi, Bengaluru, Chennai, Gurgaon, Pune, Hyderabad, Ahmedabad, Kolkata and Lucknow. You will find addresses with contact details of every branch mentioned in the above cities. Click below to get the details.
Check Bajaj Allianz Life Branch Near Me
Bajaj Allianz Life Insurance FAQs
Bajaj Allianz Life provides a 15 days grace period for monthly premium mode and 30 days for yearly, half-yearly and quarterly mode of premium.
Mr. Tarun Chugh is the MD and CEO of Bajaj Allianz Life.
Bajaj Allianz Life was started in 2001.
Bajaj Allianz Life is a joint venture between Bajaj Finserv Limited and Allianz SE.
Bajaj Allianz House, Airport Road, Yerawada, Pune – 411 006, Maharashtra
Bajaj Allianz Life Smart Protect Goal, eTouch Online Term Plan, iSecure, Saral Jeevan Bima are the term plans with Bajaj Allianz Life.
As per IRDAI, insurers should settle the death claim within 30 days.
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