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Bajaj Allianz Life capital base jumps to Rs 875 cr. with fresh infusion of Rs 175 cr. |
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Bajaj Allianz Life capital base jumps to Rs 875 cr. with fresh infusion of Rs 175 cr.
Mumbai, 31st Dec 2007, Bajaj Allianz Life Insurance Company, one of the leading private sector life insurance co. in India plans to accelerate growth & services and is gearing up for the strong insurance season by infusing additional capital of Rs 175 cr. Bajaj Allianz life Insurance has one of the largest distribution network amongst the pvt. sector insurance cos. with its own offices in over 900 towns with over 2.5 lac agents and has consistently sustained its growth by making available flexible & simple products and quality services in every nook and corner of India for all types of customers.
Bajaj Allianz Life has already collected over Rs 11,000 cr. of new business premiums in the 6 years of it's operations and issued over 50 lac policies. The strong growth pattern continues for this FY (Apr07-Nov07) also and has already collected new business premiums of over Rs 3,000 cr. and issued over 21 lac policies .
Kamesh Goyal, Country Manager Allianz & CEO Bajaj Allianz Life Insurance ‘ commented ‘Fresh capital infusion will help sustain the steady growth and strengthen customer services across the country.’
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