Top 10 Insurance Companies in India 2016

Posted in Top Brand Lists, Total Reads: 9099

5. Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance was established in the year 2001 and has ever since been a strong player in the Indian insurance industry.

Image: company logo

It started as a joint venture between Bajaj Finserv Limited which is owned by Bajaj Group in India and Allianz SE which is a Europe based financial services company. It is one of the leading private Insurance companies in the world and is headquartered in Pune.

It offers many products that includes Savings Plans, Term Insurance Plans, ULIP, Child Insurance Plans, Group Insurance Plans, Savings Plans, Investment Plans, Retirement Plans, CSC Bachat Plus as well as Micro Insurance Plans.

Some of its famous insurance plans are Fortune Gain, Save Assure, and iSecure, Retire Rich, Principal Gain, Lifelong Assure and Bima Dhan Suraksha Yojana. Bajaj Allianz’s guiding principle is customer delight. Every product and plan is tailor made to meet the needs and requirements of the valued customers.

The company today has more than 750 branches across the country and has been awarded many a times for its work. It has been recognised as most promising brand by Economic Times and Best Life Insurance Company in the Private Sector in 2015.

The company has been continuously involved in CSR activities for the disadvantaged or underprivileged sections of the society mainly those residing in rural India through capacity building. Its channel partners includes Dhanlaxmi Bank and Corporate agents. Its slogan is “Jiyo Befikr” and it thus follows it to reduce tensions of customers and help them lead a stress-free life.

Income (in INR '000)= 7873964

Net Profit (in INR '000)= 5642248

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