Sanjiv Bajaj, MD, Bajaj Finserv. says he says the big growth numbers this quarter came from Bajaj Finance and Bajaj Allianz General Insurance, whereas Bajaj Allianz Life insurance has seen a drop as the industry has contracted because of the number of new product regulations in the recent past.
Taking serious note of violation of claims servicing regulations by Bajaj Allianz General Insurance, insurance regulator Irda has asked it to 'scrupulously adhere' to the norms.