Bajaj Allianz Life Insurance Company Ltd.

Bajaj Allianz Life Insurance Company Ltd.

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.

Networth (in Cr.):
1751.71
Holdings:
14
Stock based on shareholding data filed with exchanges as on qtr. Jun 2022
Sector weightage by value
Bank(52.3%)
Hospitalit...(26.6%)
FMCG(7.9%)
Capital Go...(4.9%)
IT(3.2%)
Gas Transm...(2.1%)
Chemicals(0.9%)
Business S...(0.7%)
Healthcare(0.6%)
Others (0.7%)
Changes in last 30 days
news
Date: 18 Jul 2025
stock logo
MGL
Mahanagar Gas Ltd.
Added New
Qty. held
10,66,906.00
Curr. holding (%)
1.08
Qty. change (%)
100.00
Date: 18 Jul 2025
J
JSFB
Jana Small Finance B...
Qty. held
12,04,586.00
Curr. holding (%)
1.15
Qty. change (%)
0.00
Date: 18 Jul 2025
stock logo
KTKBANK
The Karnataka Bank L...
Qty. held
58,62,528.00
Curr. holding (%)
1.55
Qty. change (%)
0.00
Date: 18 Jul 2025
stock logo
RATEGAIN
RateGain Travel Tech...
Added New
Qty. held
15,99,946.00
Curr. holding (%)
1.35
Qty. change (%)
100.00
Date: 18 Jul 2025
stock logo
TEAMLEASE
TeamLease Services L...
Added New
Qty. held
3,62,122.00
Curr. holding (%)
2.16
Qty. change (%)
100.00
Date: 16 Jul 2025
stock logo
BASF
BASF India Ltd.
Qty. held
4,55,100.00
Curr. holding (%)
1.05
Qty. change (%)
0.24
Date: 30 Apr 2025
stock logo
SAPPHIRE
Sapphire Foods India...
Qty. held
39,68,190.00
Curr. holding (%)
1.24
Qty. change (%)
0.00
Date: 29 Apr 2025
stock logo
KSB
KSB Ltd.
Qty. held
24,48,850.00
Curr. holding (%)
1.41
Qty. change (%)
0.00
Date: 29 Apr 2025
stock logo
SANOFI
Sanofi India Ltd.
Qty. held
3,17,556.00
Curr. holding (%)
1.38
Qty. change (%)
0.00
Date: 28 Apr 2025
stock logo
BAJAJ-AUTO
Bajaj Auto Ltd.
Qty. held
1,25,000.00
Curr. holding (%)
0.04
Qty. change (%)
0.00
Date: 28 Apr 2025
E
ESAFSFB
ESAF Small Finance B...
Qty. held
1,04,30,817.00
Curr. holding (%)
2.02
Qty. change (%)
0.00
Date: 25 Apr 2025
stock logo
KARURVYSYA
Karur Vysya Bank Ltd...
Qty. held
87,16,162.00
Curr. holding (%)
1.08
Qty. change (%)
0.00
Date: 24 Apr 2025
stock logo
BAJFINANCE
Bajaj Finance Ltd.
Qty. held
2,47,000.00
Curr. holding (%)
0.04
Qty. change (%)
0.00
Date: 23 Apr 2025
R
RBA
Restaurant Brands As...
Qty. held
1,33,30,060.00
Curr. holding (%)
2.29
Qty. change (%)
0.00
Stock holdings
Stocks Name%HoldingValueCMP3M (%)6M (%)1Y (%)5Y (%)
MGL
Mahanagar Gas Ltd.
1.08158.26Cr1,483.4012.0116.03-19.6554.89
JSFB
Jana Small Finance Bank L...
1.1554.78Cr454.80-11.697.40-29.66-
KTKBANK
The Karnataka Bank Ltd.
1.55111.04Cr189.41-6.051.12-16.89343.58
RATEGAIN
RateGain Travel Technolog...
1.3573.11Cr456.95-0.76-36.68-43.73-
TEAMLEASE
TeamLease Services Ltd.
2.1669.61Cr1,922.20-3.16-27.12-43.70-8.76
BASF
BASF India Ltd.
1.05231.62Cr5,089.5010.289.62-12.15297.73
SAPPHIRE
Sapphire Foods India Ltd.
1.24136.59Cr344.201.2212.72-77.88-
KSB
KSB Ltd.
1.41216.50Cr884.1017.2330.48-11.6969.30
SANOFI
Sanofi India Ltd.
1.38188.44Cr5,934.00-9.6711.24-11.11-29.16
BAJAJ-AUTO
Bajaj Auto Ltd.
0.04104.96Cr8,397.002.38-0.05-11.54169.51

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?

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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?

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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?

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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?

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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.?

arrow

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.  

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