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
Punjab & Sind Bank is the 25th scheduled commercial bank that is partnering with Bajaj Allianz Life Insurance for distributing its life goals-based product suite.
Owing to the overwhelming response from customers, Bajaj Allianz General Insurance introduced this as a full-fledged cover under motor insurance products. This usage-based motor insurance add-on cover is in alignment with Irdai's recent circular to allow PAYC under annual motor products, Bajaj Allianz General Insurance said in a statement.
The individual new business premium increased 26-34 percent at Bajaj Allianz and Tata AIA in June on a three-year CAGR basis, better than the top four private life insurers
Passion, consistency and never losing sight of her goal, along with her habit of regularly saving a portion of her income and maintaining consistent investments in equity- that has been the secret to Reshma Banda’s personal and professional success.
Notably, the rider is available only for existing Bajaj Allianz policyholders who hold health insurance and personal accident policies, given that it is not a standalone product and only an addition to the base policy. Accordingly, the entry age for the rider will be determined per the base policy opted by the insurer.
"Each individual in the family will be covered by a separate sum assured: self, spouse and children," he said. Furthermore, a claim made for one member does not reduce the sum assured for others, he said.
The new rates will be applicable from January 1, 2018.
This policy offers mandatory personal accident (PA) cover for all public as well as private modes of transport such as bus, train, flight, taxis, cab service by e-commerce aggregators, personal car, two-wheeler or even bicycle.
Managing Director and Chief Executive Officer of the bank P Jayarama Bhat highlighted its performance during the financial year 2016-17 and rolled out the business agenda for the new fiscal. As on March 31, 2017, the bank has 2,145 service outlets comprising of 765 branches and 1,380 ATMs across the country.
Singhel has been at the helm of Bajaj Allianz General for the last five years.
Auto components manufacturer Minda Industries today said it has raised Rs 300 crore through Qualified Institutional Placement (QIP).
Health insurance can be your trusted health consultant and at the same time is a solid investment that will secure your savings that were accumulated for essential life goals
This is despite the fact that the industry base for cyber insurance is currently as low as Rs 60 crore.
Private sector HDFC Ergo General Insurance today entered the nascent trade credit insurance segment offering cover to corporates against possible defaults by their clients.
Of the 24 life insurance companies operating in India, only 19 insurers remained profitable in 2015-16 with the sector's overall profits dipping by 2.57 per cent.