What started as a localised issued between Bajaj Allianz and AHPI, has turned out to become a health insurance sector issue with more players latching on to problem
The General Insurance Council denounces the 'unilateral' approach adopted by AHPI
The move comes as the German insurer agreed earlier this week to sell its stake in joint ventures with Bajaj Finserv Ltd
He said that both the life and general insurance arms of Bajaj Finserv will go public in due course of time.
The move will take Bajaj group’s ownership in the two firms to 100 percent from the current 74 percent, the statement said
RVNL has secured a ₹156.36 crore EPC contract from South Western Railway for the design, supply, erection, testing, and commissioning of a 2X25 KV overhead electrification system and associated power supply installations. Brigade Enterprises has launched Brigade Altius, a premium residential project in Chennai’s IT corridor. RITES has received a ₹27.96 crore contract from South Central Railway for conducting a final location survey for high-speed elevated rail corridors between Hyderabad-Bengaluru and Hyderabad-Chennai. This contract involves preparing a detailed project report (DPR), alignment design, traffic survey, and using advanced survey techniques like LiDAR. Bajaj Finserv reported strong premium collections for February 2025 through its subsidiaries, Bajaj Allianz General and Bajaj Allianz Life Insurance. Bajaj Allianz General Insurance recorded ₹1,219 crore in gross direct premium, while Bajaj Allianz Life Insurance reported ₹1,080.33 crore in new business premiums, reflecting robust growth in the insurance sector. Biocon has partnered with Civica Inc, a non-profit pharmaceutical company, to enhance the accessibility and affordability of insulin aspart in the United States.
Join Moneycontrol in conversation with Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance, as he discusses the impact of lower GST on health insurance and insights from their partnership with Allianz. Learn about critical measures to protect uninsured individuals and the company's preparedness against market shocks.
The valuation at which Bajaj and Allianz will split their joint venture for life and general insurance businesses is under consideration. Contours of the separation are expected to be formalised by January-end
The Munich-based firm has indicated to its current partner Bajaj Finserv Ltd. that it’s “actively considering an exit” from the ventures
'Discussions are at preliminary stage and there is no proposal before the Board of the Company or its insurance subsidiaries in this regard,' says Bajaj Finserv