News - Life Insurance plans, life Insurance Policies, India

Bajaj Allianz Life takes number one position.

IRDA results September 2005 positions Bajaj Allianz at No 1

· Bajaj Allianz life Insurance market share amongst pvt sector life cos. jumps to 28.6 % with 360% growth in month of Sept 05 - highest amongst all life insurance cos.

Bajaj Allianz Life Insurance Company has moved up to the number one position among the private life insurers as per the latest IRDA results for the month of September. This accreditation from the IRDA is reinforcement to our decentralized management practices and to the wide array of services/ plans that we have on offer. Bajaj Allianz is poised for an accelerated growth in the market and has already become the fastest growing private life insurance company in India for more then a year.

Sam Ghosh, Country Manager, Allianz & Chief Executive Officer, Bajaj Allianz Life Insurance Company stated, “We at Bajaj Allianz are elated at the IRDA top rank as this is clearly a show of faith from our customers. This will further enthuse us to not just meet but exceed customer expectations.”

Salient features of the IRDA results for September 2005 are:

IRDA results for Sept 05 give Bajaj Allianz number one slot with 28.6 % market share amongst pvt sector life insurance cos. for the month of Sept 2005.

Results as per IRDA figs amongst Pvt Sector Life Cos for Sept 2005 V/s Sept 2004:

· For the month of Sept 2005 Bajaj Allianz Life Market share was 28.6% highest amongst pvt sector life Insurance. For the first time Bajaj Allianz grabbed the number one slot.

· Market share in Sept 04 for Bajaj Allianz Life amongst pvt sector life cos was 13.8% registering significant jump in Sept 05. In the previous month i.e. Aug 05 Bajaj Allianz Life Market share stood at 25.5%registering significant jump in market share in Sept 05.

· Bajaj Allianz First year Premium for Month of Sept 05 is Rs 214 cr & Rs 46 cr for Sept 04 registering a massive growth of 360%. Rs 168 cr was the additional growth in new business making it the highest addition of new business by any private sector life insurance co. in the month.

Results as per IRDA figs amongst Pvt Sector Life Cos for Apr- Sept 05 V/s Apr- Sept 04

· Bajaj Allianz Life registered the highest growth of 237 % amongst all life Insurance cos. First year premium for Apr-Sept 2005 was Rs 643 cr. and during the corresponding period for the previous FY this fig stood at Rs 190 cr.

· Not only in percentage terms but in actual terms also Bajaj Allianz Life added Rs 453 cr of growth in business, highest by any pvt. sector Life insurance co. this FY.

· • Bajaj Allianz Life market share saw a significant jump for the first half of FY 2005 with market share of 22% amongst pvt sector life insurance cos. Last year the share was 12% for the corresponding period.

Results as per IRDA figs for All Life Cos (incl. LIC) for Apr- Sept 05 V/s Apr- Sept 04:

· Bajaj Allianz Life Insurance Market share for Apr-Sept 05 jumped to 5.68% from 2.26% in Apr-sept 04. Highest growth in market share amongst all life insurance cos.

· For the month of Sept 05 the market share stood at 9.3 % amongst all life Insurance cos.

· Bajaj Allianz grew at 237 % for Apr-Sept 05, highest amongst all life Insurance cos.

About Bajaj Allianz:

Bajaj Allianz Life Insurance Company has developed insurance solutions that cater to every segment and age-income profiles. For companies it provides comprehensive 'Employee Benefit Solutions' (Group Term Life, EDLI, Gratuity, Superannuation, Keyman Insurance and more); for the individual InvestGain (a unique life insurance plan where sustenance of income is combined in the same plan that also pays a lump sum), Cash Gain (Money Back), Child Gain (Children's plan), Risk Care (Pure Term), Lifetime Care (whole life), Term Care (term with return of premium), Swarna Vishranti (Retirement Plan), Protector (Mortgage term insurance plan), UnitGain (Unit Linked Plan), UnitGain Single Premium, Unit Gain Plus, Unit Gain Plus SP, Lifelong Gain Plan, Unit Gain Single Pension & Unit Gain Easy Pension Plans.

Bajaj Allianz is poised for an accelerated growth in the market and has already become the fastest growing private life insurance company in India. Bajaj Allianz has a pan-India presence of office network in 475 cities of the country and is aided with a strong and trained Agency network of over 60000 Insurance Consultants with 121 MRDT qualifiers in the calendar year 2004. Bajaj Allianz has also forged strong Bancassurance and Corporate Agency relationships and continues to build on new tie-ups for fast track growth and deep market penetration.

Bajaj Allianz has launched a slew of need-based products to cater to each varied needs of the customer. Currently Bajaj Allianz has a product portfolio of 26 products and more need-based products are in the pipeline.

BAJAJ ALLIANZ Life 6-in-1 HEALTHCARE PLAN for price of cup of tea a day

Mumbai, October 17, 2005: Bajaj Allianz Life Insurance Limited, the fastest growing private life insurance co. has recently launched a three-year, 6-in-1 HealthCare Plan, which is an insurance plan providing comprehensive health cover with life insurance benefit at price of just one cup of tea per day. The premium remains the same for three years without change unlike other mediclaims where the premium increases annually. This plan not only protects you and your family from the high expenses associated with medical care but also provides one with a comprehensive financial cushion against various health hazards.

At Age 18, for a premium of Rs 89 per month – less then a cost of cup of tea a day – will get the super benefits as listed below to provide peace of mind and security.

This 6-in-1 HealthCare plan includes Life Cover, Hospital Cash, Surgical Benefit, Post Hospitalisation Benefit, Critical Illness Cover and Accidental Permanent Total / Partial Disability (APT/PD).

This 6-in-1 plan HealthCare plan offers wide acceptance across the country, as the benefits would be available for hospitalisation in any registered hospital with 15 beds across the country.

Sam Ghosh, Country Manager Allianz & CEO Bajaj Allianz Life Insurance added, ” Bajaj Allianz Life’s expedient ventures in offering best and innovative policies have been a continual activity. Moving a step further, Bajaj Allianz presents yet another striking policy, the new HealthCare plan that offers an array of beneficial alternatives and flexibility to the common man. This new HealthCare plan offers a long-term affordable policy that not only protects one from huge medical expenses but also provides total solution against probable health hazards. We, at Bajaj Allianz have always strived to work towards the betterment of the society and this is one such recent step in that direction.

This 6-in-1 HealthCare plan is available in units between 1 (minimum cover) to 10 (maximum cover); wherein the policyholder has the option to choose separate units of various covers.

The table given below gives you a better picture of the HealthCare plan:

Feature Minimum Cover ( Unit 1)

1) Hospital Cash (HC) Equal to Room charges ( Rs. 500 per day & . Rs. 1000 per day in ICU), Maximum Rs. 30,000 in a policy year

2) Post Hospitalisation Benefit 50% of claim settled for HC per day, maximum 5 days in a policy year

3) Surgical Benefit Equal to surgical expenses, Rs. 50,000 per policy year

4) Critical Illness Cover Rs. 50,000 during the policy term

5) Accidental Permanent Total / Rs. 50,000 payable on total disability and Rs. Partial Disability (APT/PD) 25,000 payable on partial disability

6) Life Cover Rs. 10,000

Hospital Cash, Post Hospitalisation Benefit & Surgical Benefit can be claimed on multiple occasions as per the coverage selected (subject to the overall limits) provided the policy is in force at the time of claim .

11 specific critical illnesses which cover First Heart Attack, Coronary Artery Disease Requiring Surgery, Stroke, Cancer, Kidney Failure, Major Organ Transplantation, Multiple Sclerosis, Aorta Graft Surgery, Primary Pulmonary Arterial Hypertension, Alzheimer’s disease and Paralysis are covered under the HealthCare plan offering a minimum cover of Rs. 50,000 during the policy term.

The HealthCare plan also provides a financial cushion against the misfortunes of permanent or partial disability. The minimum cover for Accident Permanent Total / Partial Disability (APT/PD) is Rs. 50,000 payable on total disability and Rs. 25,000 payable on partial disability.

Thus by offering various benefits including premiums as low as Rs.89 a month the HealthCare plan of Bajaj Allianz Life Insurance Limited is an ideal health care plan which safeguards you and your family against mounting medical expenses for varied health hazards.

About Bajaj Allianz:

Bajaj Allianz Life’s big entry into rural areas with 7 Regional Rural Banks tie-up

- Makes Life insurance available at over 1100 rural & semi rural branches -

- Retains leadership position in country’s widest distribution network amongst pvt. sector life insurance cos.

Mumbai, August 10, 2005: Bajaj Allianz Life Insurance Company Limited, the fastest growing life insurance company, has kick started it’s big leap to reach the rural heartlands with first of it’s kind tie-up with topmost & most successful Regional Rural Banks in the country and in doing so Bajaj Allianz Life will be able to provide valuable benefits of the most flexible and easy Life Insurance products to a vast array of the rural population. Tie-up with these Regional Rural Banks (sponsored by Syndicate Bank) will make available Bajaj Allianz life’s insurance policies to millions of people at over 1100 branches in rural areas. Bajaj Allianz life has forged partnerships with the following leading & profitable Regional Rural banks with extensive reach in rural areas:

Name of the Regional Rural Bank No. Of Branches

Karnataka Vikas Gramin Bank 480 Branches (Karnataka)

Rayalseema Gramin Bank 150 Branches (Andhra Pradesh)

Gurgaon Gramin Bank 130 Branches (Haryana)

Sree Ananta Gramin Bank 81 Branches (Andhra Pradesh)

Pinakini Gramin Bank 102 Branches (Andhra Pradesh)

North Malabar Gramin Bank 160 branches (Kerala)

Prathama Bank 170 branches (Uttar Pradesh)

‘We understand the need to provide flexible, affordable and easily available insurance to the masses, especially in the semi-urban and rural areas which will help them plan for future and act as a security blanket. Life Insurance is an important aspect in the well being of the common man, providing him financial security for his family & loved ones. With these tie-ups Bajaj Allianz Life’s launches it’s major drive to reach the rural heartlands and to get access to the bottom of the pyramid, so as to provide the most flexible and simple Life Insurance products & services to the people in these areas. We can thus continue to strive towards achieving maximum customer satisfaction and truly be a pan India company’ says Mr. Sam Ghosh, Country Manager, Allianz and Chief Executive Officer, Bajaj Allianz Life Insurance Company Limited.

Bajaj Allianz Life is present in 500 towns, most of them being in non-urban and semi-rural towns and with this addition of 1200 branches in rural areas has ensured and even distribution of all of Bajaj Allianz Life’s products to all income segments of the of the society. These tie- ups (with the above mentioned banks) is a significant development and will effectively help the company cater to the Insurance and savings needs of rural masses across the country.

Bajaj Allianz currently ranks 1 st (as per September 2005 IRDA results) among the private life insurers in the country. Bajaj Allianz was placed in the Number 2 slot in the I.R.D.A. end of August Results, 2005 and has attained the much coveted number 1 position for the month of September as per the IRDA results stating a GWP growth of over 360%.