Bajaj Allianz General Insurance
Andheri Railway station - 400058, Mumbai, Maharashtra, India
At Bajaj Allianz, we regard insurance as more than just a subject matter of solicitation. We see it as a commitment to building engaged relationships through solutions that help our customers live confidently. We’d want to represent genuine Customer Care rather than mere Customer Service!Whether you’re an optimist, a pessimist or a realist, there is no denying that life favours the prepared. With tailored solutions that offer continuity and assurance, Bajaj Allianz helps you be, do and have anything you aspire to, without undue stress or worry!We aim to provide simple and effective products that give you better value for money and provide flexible coverage suited to your needs. Our mission is to enrich your life by letting your explore and experience its fullest potential. While the potential for risk and loss always exists, our products help you quickly regain balance and continuity in unfortunate situations.Everything that we do revolves around you, our customer. At Bajaj Allianz, we measure success not just in terms of the value we give you but also how you feel as a result of interacting with us. We’re committed to providing service that is distinctly and ‘caringly yours’.Headquartered in Pune, Bajaj Allianz General Insurance Company Limited, a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE, has empowered millions of individuals, businesses and communities to manage risks and grow in a sustainable manner. Our founding companies enjoy a reputation of expertise, stability and strength which has been a part of the Bajaj Allianz heritage.Our journey began when Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct various businesses (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.As on 31st March 2019, Bajaj Allianz continues to be one of the most financially robust general insurance companies in India by maintaining its growth as well as profitability. The company has registered a net profit of Rs 780 crore and a revenue of Rs. 11,097 crore, that has grown by 17% compared to the last fiscal year.For more details on a summary of our financials, please click here.For our Annual Reports, Please click here.OUR ACHIEVEMENTSWe owe our success to the faith you have showed in us. For the 13th consecutive year, Bajaj Allianz General Insurance has received iAAA rating from ICRA, indicating the highest claims paying ability and a fundamentally strong position in the industry. The first accreditation was received in 2005-06 and the company has maintained this rating since then.To enhance the quality of your user experience and to make it as seamless as possible, the Company has embraced digitalization as a primary enabler and has been working continuously on automation and digitization of its service offerings.Our world class systems and processes offer real time solutions to both, our customers and partners via mobile applications and dedicated portals. The industry first initiatives by the company like cashless claim settlements, in-house health management team (HAT) and image based policy as well as claim processing, digital offices and mobile applications such as Eezee Tab and Insurance Wallet have set a benchmark in the industry. We are the first insurance company in the country to lay the foundation for usage based insurance through its telematics offering, Drive Smart.Our latest innovation, Cyber Insurance, protects individuals from fast emerging threats in the digital domain. This is the first product of its kind to have been launched in the Indian market.The organization received the prominent Domestic General Insurer of the Year – India at Insurance Asia Awards 2019; General Insurance Company of the Year at 4th Annual Insurance Summit & Awards 2019; Digital Insurer Award twice at the prestigious Asia Insurance Industry Awards 2017 & 2018.The company was also recognized as The Iconic Brand of India 2018 by The Economic Times and received the prestigious National Award for Excellence in Cost Management from the premier cost and management accounting body, Institute of Cost Accountants of India (ICAI). The company was also honoured as India’s Leading Private General Insurance Company by Dun & Bradstreet and won the prestigious Money Today Awards for the Best Motor Insurance Provider of the Year.Our employees are the driving force that translate our brand vision into reality. They create the reason why our customers continue to choose Bajaj Allianz as their preferred insurance provider. To provide an inclusive, growth-oriented working environment, Bajaj Allianz has benchmarked the best human capital management practices from across the industry and integrated them into our operations.This simulates our employees to develop innovative products that deliver value and exceed your expectations. Our high performance culture that rewards merit and innovation has led to our employees evolving into customer advocates that put your needs at the centre of all that they do. We are proud of the engagement this approach has helped build, both with our customers as well as employees!The accolades have continued to flow! Bajaj Allianz General Insurance was recognised as the Aon Best Employers twice in 2018 and in 2016 highlighting the company's excellence in promoting a transparent culture and healthy work environment along with designing employee friendly policies. The organisation was also honoured among the Top 15 Great Workplaces to Work in BFSI in India 2018 by the esteemed Great Place to Work Institute.Click here for more information on the awards won by Bajaj Allianz GIC.