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Knowledge Base Life Insurance Basics Bajaj Allianz Life Insurance
Tuesday, 25 January 2011 10:59

Bajaj Allianz Life Insurance

Written by  Yashish Dahiya
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Bajaj Allianz Life Insurance Company Limited


Incorporated in 2001, Bajaj Allianz Life Insurance is joint venture between Allianz SE-Germany’s financial services provider and Bajaj Finserv- India’s financial service provider. Bajaj Finserv holds 74% equity stake while Allianz SE has 26% stake in the venture.

Product Portfolio of Bajaj Allianz Life Insurance:
Bajaj Allianz has many plans in its product portfolio which comprises of retirement plans, child plan, term plans, savings & investment plans and health plans.

Retirement Plan: With rising inflation, it’s absolutely necessary to make provisions for the future which makes retirement plan an important financial decision. Better known as Pension plan, this plan takes care of financial needs after retirement by investing a part of your savings for limited period. Pension plan provides steady income after retirement and takes care of daily needs. The pension plans offered by Bajaj Allianz are Pension Guarantee and Swarna Vishranti.

Child Plan: Parenthood brings responsibilities and no one is better judge of that than you. Child Plan is a plan specifically designed to take care of financial needs of your child. Child plan provides with necessary funds that will take care of child’s education, marriage etc. By investing small portion of your savings you secure the financial end of your child. Child plan of Bajaj Allianz is called Child Gain.

Term Plan:
A risk plan which provides comprehensive cover for your family in the unfortunate event of untimely demise. A term life insurance plan provides good cover at relatively nominal cost and has no survival benefits. Bajaj Allianz term plans are New Risk Care II, Protector, Term Care and iSecure More.

Investment Plan: Popularly known as ULIP, an investment plan invests part of your savings in equity or debt market as per your preference. The objective of investment plan is to give you returns which easily beat the rising costs since the usual returns in a bank are extremely low. ULIP’s offered by Bajaj Allianz are Assured Protection Insurance Plan, Max Advantage Insurance Plan,iGain III, Wealth Insurance Plan, Shield Insurance, Invest Gain, SaveCare Economy SP, Life Time Care, Super Saver, Cash Gain.

Health Plan: Slightly different from health insurance, health plan provides cover for surgery costs, critical illness. A lump sum is paid irrespective of actual hospital bill. Health Care and Family Care First are Bajaj Allianz health plans.

Distribution Network:
Currently, Bajaj Allianz Life Insurance has presence in more than 550 locations with over 60,000 Insurance Consultants. Bajaj Allianz products like iGain III, Max Advantage Insurance Plan, Wealth Insurance Plan and Shield Insurance Plan are also available online.

Financial Information:
The total premium earned for the half year ended September 30, 2010 was Rs 41,506 million. The profit after tax for the same period is Rs 218 million. A total of 9,740 claims were made during the period out of which 6,778 claims were settled and 414 cases were rejected.

Marketing Campaigns:
Bajaj Allianz signed up Olympic medalist Vijender Singh in their ad campaign. The television commercial revolves around the theme of “Jiyo Befikar” to put across the message of Bajaj Allianz of leading a care free life.

Management:
Kamesh Goyal is the MD & CEO of Bajaj Allianz Life Insurance.
Rajesh Viswanathan is the CFO of Bajaj Allianz Life Insurance.
Sashi Krishnan is the CIO of Bajaj Allianz Life Insurance.
Anil Singh is the Appointed Actuary of Bajaj Allianz Life Insurance.

Reach Bajaj Allianz:
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Telephone: 1800-233-3355 (Toll Free)


Bajaj Allianz Product Table:


 

Retirement/Pension Plan

Swarna Vishranti

Retirement/Pension Plan

Pension Guarantee

Child Plan

Child Gain

Term Plan

New Risk Care II

Term Plan

Term Care

Term Plan

Protector

Savings & Investment Plan

Assured Protection Insurance Plan

Savings & Investment Plan

Max Advantage Insurance Plan

Savings & Investment Plan

iGain II

Savings & Investment Plan

Wealth Insurance Plan

Savings & Investment Plan

Shield Insurance

Savings & Investment Plan

Invest Gain

Savings & Investment Plan

SaveCare Economy SP

Savings & Investment Plan

Life Time Care

Savings & Investment Plan

Super Saver

Savings & Investment Plan

Cash Gain

Health Plan

Health Care

Health Plan

Family Care First

 
Sources:


Bajaj Allianz Website

 

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7 comments
  • Comment Link pramod kumar dwivedi Thursday, 27 October 2011 11:19 posted by pramod kumar dwivedi

    pl give me status of my policy no..0076379502

  • Comment Link Administrator Friday, 04 November 2011 18:53 posted by Administrator

    Dear Pamod
    The information is available with your insurer only. Contact customer care with your policy number and they will provide you with the present status.

  • Comment Link Nitin Shinde Thursday, 09 February 2012 13:27 posted by Nitin Shinde

    Dear Sir,
    i am police holder of your company. my police no 0025770360 plan bajaj allianz new unitgain plus. so i required a present status of my policy. what is value of my policy

  • Comment Link s.moharana Thursday, 21 June 2012 18:40 posted by s.moharana

    what is the present status of my policy No. 43916844 under product capital unit gain size one? what is the value of my policy?

  • Comment Link Administrator Thursday, 28 June 2012 11:29 posted by Administrator

    Hi S. Moharana
    You need to contact Bajaj Allianz customer care to know policy status.

  • Comment Link Prashant S.Raj Thursday, 27 September 2012 12:55 posted by Prashant S.Raj

    My Plolice No.0281405076 Bajaj Wlth Insu Plan
    Pl.Give Me detel

  • Comment Link Administrator Monday, 01 October 2012 15:08 posted by Administrator

    Hi Prashant
    You need to contact Bajaj Allianz customer care to know policy status. You can also register online to check policy status.

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