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Bajaj Allianz General Insurance is a private general insurance company in India. The company is a JV between Bajaj Finserv Limited and Allianz SE, a German financial services company.
Bajaj Allianz General Insurance is a private general insurance company in India. The company is a JV between Bajaj Finserv Limited and Allianz SE, a German financial services company.

Bajaj Allianz Life Insurance Company Limited - A Brief Introduction
Bajaj Allianz Life Insurance Company Limited is a private life insurance provider. It offers term insurance, investment plans, and life insurance products to its customers. Bajaj Allianz Life Insurance Co. Ltd. commenced operations in August 2001 as a JV between Bajaj Finserv Ltd. and Allianz SE. As of March 2025, Bajaj Finserv has 74% holdings in the insurance company, and Allianz SE owns the remaining 26%.
(BALIC) Bajaj Allianz Life Insurance Company Limited has a distribution network comprising 578 branches, over 1,60,294 agents, and several partnerships with banks, including Axis, Bandhan, IDFC, and other financial institutions. In terms of business operations, the company has over 3.93 crores customers and over ₹1,18,350 crores of (AUM) assets under management .
Bajaj Allianz Life Insurance Co. Ltd. - Business Performance
During fiscal year 2024, BALIC experienced a 21% growth in individual Rated New Business Premium, outpacing the 5% industry growth. In the new business premium segment, the company registered a 7% growth and maintained its 4th rank among the top 10 private insurers.
As for the retail claim settlement, Bajaj Allianz Life Insurance Co. Ltd.’s claim settlement ratio for FY 2023 was 99.04%, which rose to 99.23% in FY 2024. Other than this, the group claim settlement ratio saw a slight decline to 99.80% in FY 2024 against the previous year.
The profit after tax (PAT) of Bajaj Allianz Life Insurance Company Limited for FY 2024 was ₹563 crores against ₹390 crores in FY 2023. The insurer also maintained sufficient capital and solvency for the period under consideration. As of March 31, 2024, the solvency ratio of Bajaj Allianz Life Insurance Co. Ltd. was 432%, which exceeds the regulatory limit of 150%.
Bajaj Allianz Life Insurance Company Limited - An Institutional Investor
Bajaj Allianz Insurance Company Limited (BALIC), like most insurance companies, invests in financial markets to ease its claim settlement process. As of March 2025, BALIC has a portfolio of 11 publicly traded stocks, which cumulatively are valued at ₹1,546.02 crores.
The portfolio of Bajaj Allianz Life Insurance Co. Ltd. is well-diversified across sectors, including Banking (55.7%), Hospitals (28.3%), FMCG (8.4%), Capital Goods (5.2%), chemicals (1.0%), and others.
Top 5 Picks in Bajaj Allianz Life Insurance Co. Ltd. Portfolio
Top 5 stocks in BALIC portfolio as per stake % (as of March 2025):
Restaurants Brands Asia Ltd.
Shareholding Value = ₹108.5 crores
Quantity Held = 1,33,30,060
Stake (%) = 2.3%
ESAF Small Finance Bank Ltd.
Shareholding Value = ₹31.5 crores
Quantity Held = 1,04,30,817
Stake (%) = 2.0%
Karnataka Bank Ltd.
Shareholding Value = ₹118.3 crores
Quantity Held = 58,62,528
Stake (%) = 1.6%
Sanofi India Ltd.
Shareholding Value = ₹192.7 crores
Quantity Held = 3,17,556
Stake (%) = 1.4%
KSB Ltd.
Shareholding Value = ₹185.0 crores
Quantity Held = 24,48,850
Stake (%) = 1.4%
Bajaj Allianz Life Insurance Co. Ltd. Networth
Since 2015, the networth of Bajaj Allianz Life Insurance has been through a turbulent journey. As of the period ended December 2015, the company’s net worth was ₹ 1,897 crore, which rose to ₹2,191 crore in September 2016. However, after three years, in the quarter ended September 2019, the net worth of BALIC dived to a valuation of ₹1,161 crores. Continuing the trend, and following periods of upward and downward movement, the net worth of BALIC reached a peak of ₹2,534 crores in the quarter ending 2024.
FAQs
Who is the owner of Bajaj Allianz?

Bajaj Allianz Life Insurance Co. Ltd. was established as a joint venture between Bajaj Finserv and Allianz SE. As of March 2025, Bajaj Finserv is the majority shareholder in BALIC with a 74% share, and Allianz SE is the minority shareholder with a 26% stake.
Who is the CEO of Bajaj Allianz?

Mr. Tarun Chugh is the Managing Director and Chief Executive Officer (CEO) of Bajaj Allianz Life Insurance Company Limited. He has over 30 years of industry experience in leadership roles at PNB Metlife and ICICI Prudential Life Insurance.
What is Bajaj Allianz Life Insurance portfolio?

As of March 2025, Bajaj Allianz Life Insurance Co. Ltd.'s portfolio comprises 11 Indian stocks with a total networth of ₹1,546.02 crores.
What is IRDAI?

IRDAI stands for Insurance Regulatory and Development Authority of India. It is a statutory body formed under the Insurance Regulatory and Development Authority Act 1999. The primary goal of IRDAI is to regulate, create, and maintain a regulatory framework for the smooth functioning of the insurance sector. IRDAI ensures the protection of the interests of the policyholders, facilitates easy claim settlement and grievance resolution, and promotes transparency in the operations of insurance companies.
What is Bajaj Allianz Life Insurance Co. Ltd.?

Bajaj Allianz Life Insurance Co. Ltd. is one of India’s leading life insurance companies in the private sector. It is engaged in selling life insurance products to customers, including term insurance, unit-linked insurance plans (ULIPs), and other investment plans.