Bajaj Allianz General Insurance

Incurred Claim Ratio - 72*
*Data according to IRDA Annual Report (2017-18)
*Please note that the quotes shown will be from our partners

Bajaj Allianz General Insurance Company Overview

Bajaj Allianz General Insurance Company Limited is the joint venture of Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE- Germany’s financial services provider. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz SE.

Registered on 2nd May 2001, Bajaj Allianz General Insurance Company has become one of the top general insurance brands in India. It is the only general insurance company in India to cross the Rs. 100 Crore mark in profit in the last two years. The company is headquartered in Pune, Maharashtra. Bajaj Allianz General Insurance is led by Mr. Tapan Singhel who serves as its Managing Director and CEO.

Allianz SE, a German multinational financial services company is the world’s largest insurance company, according to the composite measure by Forbes magazine. Founded in 1890, this leading general insurance provider now serves customers in more than 70 countries.

Bajaj Allianz General Insurance Company Limited has received iAAA rating from ICRA Limited for seven consecutive years, which indicates the highest claims-paying ability and strong position of the company. It is one of the top insurers in India providing better quality consumer experience and good returns to shareholders and maintaining the reliability of Bajaj.

In 2014, Bajaj Allianz General Insurance has been adjudged as the “Best General Insurance Company in the Private Sector” by ABP News. In the same year, Bajaj Allianz was conferred with the Golden Peacock Award 2014 in the category of Innovative Products/Services.

Achievements and Awards of Bajaj Allianz Insurance Company:

Bajaj Allianz General Insurance has bagged various awards:

Awards won by Bajaj Insurance

  • The non-life insurer of the Year Award at the Outlook Money Awards 2017
  • Finnoviti Award 2018
  • General Insurance Company of the year @ the Indian Insurance Summit and Awards 2018
  • Fintelekt Insurance Awards 2017
  • Today’s Traveller Award 2017

Bajaj Allianz Insurance Company Limited - Achievements

  • Bajaj Insurance has been declared as the Best BFSI Brands 2018 by the Economic Times
  • Bajaj Allianz General Insurance Company Ltd was called ‘Asia’s Most Valuable Brand’ by White Page International
  • Planman Medi acknowledged Bajaj Allianz Insurance as India’s Most Trusted Power Brand 2017
  • WCRC declared it as Aisa’s Most Promising Brand 2017
  • Bajaj Insurance was India’s Most Admired Brands in 2015-16

Advantages of Bajaj Allianz General Insurance

Bajaj Allianz General Insurance is the first choice for consumers among the leading insurance companies in India as this insurer treats their customers with warmth and respect.

  • The company offers customized, cheapest priced insurance products and services.
  • Bajaj Allianz General Insurance policies are accessible for a different sector of customers.
  • This insurer offers quick and efficient claims settlement.
  • Under Bajaj Allianz insurance, you will get round the clock services.
  • Bajaj Allianz General Insurance Company entitles to be the first insurer in India for using the telemetric device for vehicle insurance.

Bajaj Allianz Product Portfolio:

Bajaj Allianz Health Insurance Plans

In the times of rising medical costs, health insurance becomes a necessity. Health insurance plans are the perfect solution and provide health protection for you and your family. They take care of medical treatment costs incurred during hospitalisation due to serious accidents or critical illnesses.

  • Health Guard Individual Policy: The Health Guard Individual Policy is designed to take care of all healthcare needs and offers covers against medical expenses including hospitalisation
  • Health Guard Family Floater Option: The Health Guard Family Floater Option provides perfect health protection for the entire family against medical expenses including hospitalisation, doctor consultations, diagnostic tests, medicines and ambulance services
  • Premium Personal Guard: The Premium Personal Guard cover is a personal accident insurance policy that ensures financial security and protection from unforeseen risks and accidents
  • Extra Care: Extra Care is a health insurance policy that allows you to extend your existing health insurance covers by 2-3 times at a significantly low cost and takes care of extra hospitalisation expenses
  • Critical Illness: The Critical Illness plan as the name suggests is an insurance policy providing cover against critical illnesses like cancer, tumours and strokes, illnesses that have high treatment costs
  • Health Care Supreme: The Health Care Supreme policy is a comprehensive plan that takes care of medical expenses at every stage of life
  • Hospital Cash Daily Allowance: The Hospital Cash Daily Allowance insurance policy offers a cover in the event of hospitalisation by providing daily cash to help one focus on treatment rather than managing funds for incidental expenses.

Bajaj Allianz Personal Accident Insurance

While we cannot do much about the uncertain nature of life, what we can surely do is to secure financial independence to deal with various unforeseen situations the journey of life throws at us. The Bajaj Allianz Personal Accident cover is a unique insurance plan offering multiple benefits such as medical benefits, education benefits to children or spouse and giving up to 125% compensation in case of disability.

  • Silver Health: The Silver Health Plan is a health insurance cover designed especially for senior citizens to cover pre and post hospitalisation expenses, pre-existing illnesses, and ambulance charges
  • Star Package: The Star Package policy is an all-in-one family floater plan that provides cover against health risks, household contents, education grant, travel baggage, and public liability. It also ensures family members against death or injury resulting in permanent or temporary disability
  • Health Ensure: The Health Ensure policy takes care of all medical treatment costs incurred during hospitalisation due to serious accidents or illnesses
  • Tax Gain: The Tax Gain policy is a unique floater health plan that covers outpatient and hospitalisation expenses and also helps in tax management through a single policy
  • Critical Illness for Women: The Critical Illness for Women plan is designed for women and provides protection against eight critical illnesses. A guaranteed sum of cash is paid in case the insured is diagnosed with one of the eight critical illnesses

Bajaj Allianz Car Insurance Plans

Bajaj Allianz Car insurance plans provide you comprehensive coverage against physical damage, bodily injury and cover against third-party liability in case of any damage to your car due to accident or any other unforeseen event.

Bajaj Allianz Two Wheeler Insurance Plan

Two-wheeler insurance is just not about monetary compensation being doled out to you if something happens to your ride. Insurance is more about the peace, security and independence that it brings along. Get your vehicle insured and enjoy the pleasure of a safe ride!

  • Bajaj Allianz Two-Wheeler Long-term Policy: The two-wheeler long-term policy by Bajaj Allianz Insurance covers you against the damages that your scooter or bike may incur caused due to unanticipated events. The exceptionally high costs arising due to the damages caused to your bike, in case of accidents, are taken care of by the insurer. Buying this policy you can stay stress-free for three consecutive years.
  • Bajaj Allianz Two-Wheeler Liability One Insurance: Third-party two-wheeler liability one insurance policy by Bajaj Allianz General Insurance Company offers cover for your legal liability towards the third-parties for death, property damage, and bodily injury from an accident involving your bike or scooter.

Bajaj Allianz Travel Insurance Plans

Travel insurance plans let you travel overseas with your loved ones and without worries. It covers expenses due to medical emergencies while abroad or non-medical contingencies like loss of passport or checked in baggage and many more. It takes care of anything wrong that might happen to you while you are travelling.

  • Individual Travel Insurance: The Individual Travel Insurance plan covers all medical eventualities and other travel-related incidental expenses for a nominal amount
  • Family Travel Insurance: The Family Travel Insurance plan is an international travel insurance policy that covers expenditure towards hospitalisation, loss of baggage, trip cancellation and other incidental expenses for a nominal amount
  • Senior Citizen Travel: As the name suggests, this is a travel insurance policy aimed at senior citizens to make their travels a pleasant experience. It covers expenses related to hospitalisation, loss of baggage and other incidental expenses
  • Student Travel Insurance: A travel insurance policy for students studying abroad, Student Travel Insurance provides cover for a wide range of contingencies at a fraction of the amount of cover provided
  • Corporate Travel Insurance: The Corporate Travel Insurance policy is a comprehensive plan providing complete medical and health cover for the international business traveller making his or her journey risk and tension free
  • Travel Asia: The Travel Asia plan from Bajaj Allianz is a comprehensive travel insurance plan providing complete medical and health cover to international travellers visiting countries in Asia.
  • Bharat Bhraman Policy: Bharat Bhraman Insurance policy by Bajaj Allianz Insurance is a domestic travel plan for individuals travelling within the country.

Bajaj Allianz Home Insurance Plans

Home insurance plans are designed for your convenience and they cover various risks and contingencies faced by homeowners. Home insurance is an important tool to safeguard the sweat and blood of your life, your dream house.

  • My Home Insurance: The My Home Insurance plan is an all-risk home insurance policy protecting not only the home but also the contents and belongings inside it, against risks such as fire, burglary and natural calamities
  • House Holders Package Policy: The House Holders Package policy offers all-round protection of the home (property), its contents, and interests of the insured and their family members through a single protection plan
  • Easy House Holders Package Policy: The Easy House Holders Package policy is a simplified home insurance plan designed to cover various risks and contingencies faced by homeowners

Compare all Bajaj Allianz general insurance plans with plans from other general insurance companies in India to get the best insurance plan that suits you most.

Bajaj Allianz Individual Cyber Safe Insurance Plan

The Cyber Safe Insurance Policy by Bajaj Insurance makes sure that you receive an optimum safety against the potential cyber risks and threats. This plan covers cyberstalking, phishing, malware attacks and other cyber threats and risks.

Bajaj Allianz Commercial Insurance Policy

Bajaj Allianz General Insurance offers solutions for all the sectors of the industry including Aviation, Automotive, Chemicals, Construction, Pharmaceuticals, Oil & Gas, Foods and Beverages, Technology, Manufacturing, Telecom, Logistics and Transport.

Bajaj Allianz Property Insurance Policy

Bajaj Allianz provides commercial property insurance for the most challenging and complex exposures. Focusing on major national risk portfolio, Bajaj Allianz Insurance provides tailor-made business interruption and property damage insurance catering to the requirement and needs of all small and medium along with large entities and mega risks. The property insurance by Bajaj Allianz includes:

  • Industrial All Risks Insurance
  • Standard Fire and Special Perils Insurance
  • Burglary Insurance
  • Mega Risk Insurance
  • Business Interruption Insurance
  • Risk Management System
  • Package Policies
  • Mega Risk Insurance

Bajaj Allianz Marine Insurance Policy

Suitable local solutions are delivered by the Marine Insurance Policy by Bajaj Allianz General Insurance against the marine cargo risks. Bajaj Allianz has one of the most experienced and largest networks of marine underwriters, risk consultants and claims specialists.

The marine insurance includes the comprehensive insurance for all levels of the distribution chain and offers the coverages mentioned below:

  • Risk Management Services
  • Strikes and war (including terrorism)
  • Project Cargo

The marine insurance services are offered to the following sectors of the industry:

  • Oil and Gas
  • Power Generation
  • Paper and Pulp
  • Wind Power
  • Steel Mills
  • Machinery Upgrades
  • Chemical Facilities
  • Infrastructure/bridges
  • Processing/Manufacturing

Bajaj Allianz Liability Insurance Policy

Liability Insurance Policy by Bajaj Allianz typically offers cover against property damage and bodily or personal injury. Bajaj Allianz General Insurance liability insurance can be offered via individual primary plans, via umbrella and excess layers policies, or via international insurance plans for several risks in various locations.

The services of Bajaj Allianz Insurance include:

  • Product Liability Insurance
  • Public Liability Insurance
  • Workmen’s Compensation Insurance
  • Clinical Trials Insurance
  • Product Recall Insurance

Bajaj Allianz Financial Lines Insurance Policy

Financial Lines Insurance Policy by Bajaj Allianz General Insurance caters to the needs of companies from small and medium scale entities to the largest global multi-national enterprises. The services of Bajaj Allianz Financial Lines Insurance Policy include:

  • International Insurance Programmes (IIPs) for global exposure
  • Directors and Officers Insurance (D&O)
  • Employment Practices Liability (EPLI)
  • Commercial Professional Indemnity – technology (BPO, IT and other IT enabled services), Construction related (engineers, architects, contractors single project professional indemnity), and Professionals (Lawyers, Accountants, Consultants, Insurance Brokers or Agents)
  • Prospectus Liability (POSI)

Bajaj Allianz Engineering Insurance Policy

Engineering Insurance by Bajaj Allianz General Insurance offers specialised cover for all the facets of construction and engineering insurance. The insurer ensures the close liaison among all the parties, not only within their own claims, underwriting and risk consulting teams but also with the client and their professional team via their key management philosophy.

The services of the Engineering Insurance Policy by Bajaj Allianz include:

  • Business Interruption and Advance Loss of Profits
  • Contractor’s Plant and Equipment
  • Erection All Risks (EAR) Insurance
  • Engineering Project Cargo
  • Construction All Risks Insurance
  • Risk Management Services
  • Machinery Breakdown Insurance
  • Electronic Equipment Insurance

Bajaj Allianz Energy Insurance Policy

Bajaj Allianz offers a tailor-made and flexible approach for the energy insurance challenges across off-shore and onshore oil & gas industries. The services of the Energy Insurance Policy of Bajaj Allianz General Insurance include:

  • Gas Works
  • Refineries
  • Terminals and tank Farms
  • Chemical Fertilizer Plants
  • Petrochemical and Chemical Plants
  • Underground Storage

Bajaj Allianz Employee Benefits Insurance Policy

Bajaj Allianz General Insurance Company offers a wide variety of health insurance solutions that match the footprints and the needs of their clients:

  • Group Mediclaim Policy
  • Group Personal Accident Policy

Bajaj Allianz Group Mediclaim Policy

Bajaj Allianz General Insurance offers protection for the employees and their kins. Extensive medical procedures incurred during the hospitalisation due to illness or accident is taken care of under the Bajaj Allianz Group Mediclaim Policy. The policy covers:

  • Hospitalisation expenses (if the hospitalisation exceeds 24 hours)
  • Operation Theatre Charges
  • Nursing Charges
  • Dialysis, Radiotherapy, Chemotherapy
  • Blood, Anaesthesia, Drugs and Medicines, X-ray, Oxygen, Diagnostic materials, Surgical Appliances
  • Pre and Post Hospitalisation Expenses
  • Cost of Artificial Limbs, pacemaker, cost of organs
  • General Doctor’s Fees, Surgeon’s fees, Consultant’s Fees, Anaesthetist Fees
  • Expenses for 130 days care treatment

Bajaj Allianz General Insurance Group Personal Accident Policy

Bajaj Allianz General Insurance Company Ltd offers Group Personal Accident Policy, which provides cover against disability or accidental death. The policy covers:

  • Death
  • Permanent Partial Disability (PPD)
  • Permanent Total Disability (PTD)
  • Children’s Education Bonus
  • Temporary Total Disability

Bajaj Allianz International Insurance Solutions

The International Insurance Solutions by Bajaj Allianz General Insurance offers insurance solutions for various multi-national corporations. The international insurance solutions intend to offer the best security and safety for the global business clients. Bajaj Allianz has its global network spread in over 160 countries of the world.

Bajaj Allianz General Insurance Distribution Network:

Since its inception in 2001, Bajaj General Insurance Company Limited has come a long way in penetrating the Indian market. Bajaj Allianz has a pan-India presence in over 200 towns across the country. Bajaj Allianz policies are also available online through their website and from insurance aggregators.

Bajaj Allianz General Insurance Renewal Online Process:

Bajaj Allianz Insurance Renewal involves the following steps:

  • Log on to the official website of the insurer for Bajaj Allianz General Insurance Renewal
  • Enter the necessary information related to your policy such as the policy details of your existing policy and other details based on the insurance product chosen.
  • You will see renewal option, once the access to the existing policy is granted. You have to verify and validate the policy details and accept it.
  • You will be redirected to the payment page, where you can make payment via net banking, debit/credit card. As soon as you make the payment, the soft copy of your policy document will be sent to you via email on the registered email ID.
  • If you get stuck or have some problem, you can contact the customer service advisor of the insurer. They will guide you with the Bajaj Allianz Insurance renewal Process.

Switching to Bajaj Allianz General Insurance from another Insurance Provider:

You can switch or port your insurance plan from another insurance provider to Bajaj Allianz Insurance and keep the ‘No Claim Bonus’ cover. Also, the waiting will not get reset zero for pre-existing ailments.

Bajaj Allianz General Insurance Online Premium Payment Process

The services by Bajaj Allianz can be availed by regular payment of premiums. Baja Allianz Insurance offers various options to make payment of the premiums online. Preferred Bajaj Allianz online premium payment options include Net Banking, EMI, debit cards, credit cards, cash cards/wallets, etc. You can also avail Bajaj Allianz General Insurance quotes free of cost. You just have to select the mode of payment and pay your premiums online.

Bajaj Allianz General Insurance Online Payment Process

Bajaj Allianz Insurance offers you services where you can make the payment of policy premiums online. Once you choose the policy, you will get various options to make payment of premiums online. Preferred payment gateways will be EMI, wallets, cash cards, internet banking, debit cards, credit cards etc. Choose your payment mode and pay online.

Bajaj Allianz General Insurance Offline Payment Process

In order to make payment offline, you have to visit Bajaj Allianz General Insurance’s branch office. You will be required to fill a form with the details of your policy. After filling in the form, you can pay the premium amount either by cheque, in cash or any other mode of payment allowed by the branch office.

Bajaj Allianz General Insurance Claim Process

You can claim for your insurance policy online. You just have to visit the official website of the insurance provider and register a claim. There are different claims processes for different insurance products. You can register a claim, fill-in the Bajaj Allianz Claim form, upload the necessary documents and know Bajaj Allianz General Insurance Claim Status.

You can also check Bajaj Allianz Policy Status online by filling Bajaj Allianz Claim Form online on the official portal of the insurance provider.

Bajaj Allianz General Insurance - FAQs

Q1. What types of policies are available online with Bajaj Allianz Insurance?

Ans. Bajaj General Insurance has a wide variety of insurance policies offering small and large-scale insurance solutions in the categories mentioned below:

  • Health
  • Motor
  • Home
  • Travel
  • Commercial
  • Cyber-safe

Q2. How can you renew Bajaj Allianz Policy Online?

Ans. Bajaj Allianz Policy Renewal can be done online by logging on to the official website of Bajaj Allianz. You can enter the pre-requisite details like your policy details. You’ll have the access to your insurance policy online and option for online renewal. You just have to click on the renewal option, go through the terms and conditions, and pay by choosing the payment mode. You will receive a soft copy of the receipt for Bajaj Allianz Policy Renewal via email on the registered email ID.

Q3. How can Bajaj Allianz be contacted for health insurance?

Ans. You can directly call the customer service number or fill in the online form on the official website of Bajaj Insurance; they will get back to you and offer assistance on health insurance.

Q4. What is covered under Bajaj Allianz Motor Insurance?

Ans. Bajaj Allianz Vehicle Insurance covers your motor from loss or damage due to accident, other natural or artificial risks, danger and theft. The motor insurance policy has various plans covering commercial and private vehicles and also has other options like comprehensive insurance or third-party insurance.

Q5. Is my motor covered for all the purposes other than business and personal use?

Ans. No, according to the mentioned terms and conditions, your insurance policy will offer cover for your vehicle. There is a different insurance policy for business and personal use. You must check what’s excluded and included in your motor insurance before you buy one.

Q6. Are there network hospitals if I choose Bajaj Allianz Overseas Medical Insurance?

Ans. No, there is no network hospital abroad for Bajaj Allianz Overseas Medical Insurance.

Q7. What are the advantages of Bajaj Allianz Travel Insurance Plan?

Ans. Bajaj Allianz Travel Insurance Policy offers cover against the medical expenses of the policyholder abroad. You must go through the travel insurance brochure to know the details of the advantages of a specific travel insurance policy.

Bajaj Allianz General Insurance - Latest News

WATConsult Launches #SayYesToHelmets Campaign with Bajaj Allianz General Insurance

WATConsult in association with Bajaj Allianz General Insurance Company has launched #SayYesToHelmets campaign. This campaign intends to promote the use of helmets. This is a quirky campaign and intends to create awareness of the utmost importance of wearing of a helmet.

This is campaign is of 2 minutes 20 seconds. The advertisement starts with an influencer exhibiting the alternate means to make use of the helmet as a popcorn maker and bag just when the police raid takes place. The cops than in a direct and very easy and simple language ask the viewers to make use of a helmet for safety purpose.

This idea came online while Pune Traffic Police made putting on helmets compulsory for all the riders in Pune from January 1, 2019.

Bajaj Fiserv is planning on buying Allianz’s shares in the insurance JV

Bajaj Finserv Limited is planning to purchase some additional shares of its Germany-based partner, Allianz SE into its 2 insurance units, namely, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company Limited. The deal is expected to be valued at about Rs. 10,000 Crores, said 3 officials familiar with this development.

Bajaj Finserv Limited, the financial service providing unit of the Bajaj Holdings and Investments Limited, possesses 74 per cent, while, the Allianz SE is holding 26 per cent in both of the joint ventures. Allianz, since quite a long duration, has been discussing with Bajaj regarding the increase of its shareholding in both the joint ventures to 49 per cent after the govt. increased the limit for the foreign investments in the Indian insurance sector from 26% to 49% in the financial year 2015.

The negotiations were unsuccessful in yielding any outcome because both the parties weren’t able to adjust on the price side. To raise the shareholding by 23 per cent in the 2 JVs, Allianz would be required to expend a much higher sum according to the method of fair-valuation in comparison with the pre-determined rates as per the call-option clause.

Bajaj Allianz General Insurance Company emerges as key Crop Insurance provider in Haryana

Bajaj Allianz General Insurance along with two other public sector general insurers recently awarded the contract to offer crop insurance to the farmers under the Pradhan Mantri Fasal Bima Yojna. Keeping the current Kharif season in mind, the government of Haryana looks aims at issuing crop insurance to the farming community to save them from weather vagaries.

The process has been initiated already and the insurer would soon hear from the state government. Once implementation stated, the scheme would offer coverage to four crops – cotton, maize, bajra, and paddy while the sum assured per hectare for an individual crop is fixed at Rs. 60, 000 for cotton, Rs, 25, 000 for maize, Rs. 27, 500 for bajra, and Rs. 62, 500 for paddy for the Kharif season.

The state government has divided Haryana into three clusters for effective as well as efficient implementation of the insurance scheme while each cluster is to be served by individual insurer.

Both loanee and non-loanee farmers can benefit from this crop insurance scheme issued by the government of Haryana, which has designated Bhiwani, Kurukshetra, Kaithal, Panchkula, Rewari, Sirsa, and Faridabad in cluster 1, whereas Ambala, Mohindergarh, Gurgaon, Hisar, Karnal, Jind, and Sonepat comes under cluster 2. Further, cluster 3 includes Panipat, Mewat, Fatehabad, Yamunanagar, Rohtak, Jhajjar, and Palwal.

Bajaj Allianz remains the most money-making general insurance provider of the private sector

Bajaj Allianz General Insurance Company, in the financial year 2015-16 attained considerable financial outcome. The net profit of the insurer for the years amounted to Rs. 564 Crores. By attaining such great profits, the provider preserved its tag of the most profit-making Indian general insurance provider in the private sector.

GWP or Gross Written Premium of the firm, from Rs. 5,301 Crores in the financial years 2014-15 rose to Rs. 5,901 Crores in the financial years 2015- 16; which is almost an increase of 11%. In spite of 7000 claims for Chennai floods worth Rs. 470 Crores made on the insurer this year, Bajaj Allianz General Insurance Company declared a collective percentage of 99.3%, maintaining its good financial wellbeing in the insurance industry.

During the previous financial year, the insurer reached out to more than 400 new cities across the nation. The solvency ratio of the insurer shot up to 251% from 182% in the financial year 2014-15. The rise clearly signified the claim paying ability of the insurer. However, the previous solvency ratio was also a substantial figure above the solvency ratio demanded by the Indian regulations, which is 150%.

Bajaj Allianz Launches #TweetInsurance for Insurance Information

Bajaj Allianz General Insurance recently launched #TweetInsurance, the first in the insurance industry of India, which is aimed at providing insurance-related information to the people. People can now get the information they need by simply sending a tweet at the Twitter handle of the company with one or more relevant hashtags included.

To send a tweet to Bajaj Allianz (@BajajAllianz), the user needs to include #TweetInsurance, and then it will be posted on the Twitter handle of Bajaj Allianz General Insurance. Correspondingly, the user will get a list of services offered by the insurer on Twitter. Meanwhile, the conversation can go on through DM or Direct Message between the company and the user.

One can get information regarding premium quotes, branches, network hospitals, including any update on Bajaj Allianz policy status or Bajaj Allianz General insurance claim status. This also eases buying insurance policies online, policy soft copy, and details required for filing a claim.

Bajaj Allianz and Max Life settle over 96 percent Claims in fiscal 2016

Bajaj Allianz has successfully registered over 96 percent claim settlement ratio in fiscal 2016. Max Life Insurance Company also claims to have hit a claim paid ration of over 96 percent. As per a report, Max Life recorded 96.23 percent claims as paid out in fiscal 2016, which in comparison to that of the previous fiscal is a bit less.

This reached to an outstanding claim settlement ratio of 0.04 percent as recorded on 31st March 2016. The number of claims pending with the company is not more than 4 out of 9, 224 received during the FY’16.

At the same time, the claim settlement ratio of Bajaj Allianz stood at 98.7 percent in fiscal 2016. The number of claims received by the company is 1, 68,501 out of which 1, 65,244 have been successfully settled, thereby paying Rs. 839 Crore to its customers globally.

98 Percent Motor Claims Settled, says Bajaj Allianz

Bajaj Allianz General Insurance recently publicized that they have successfully settled about 98 percent (worth 110 crore) of motor insurance claims they received post the Chennai Floods. In total, the count of motor claims settled was over 5, 300, while an average amount paid to an individual was Rs. 1.74 lakh.

On the report, Bajaj Allianz said that most of the damaged vehicles were submerged for over three days, causing corrosion to the exposed parts of the vehicles because of delay in attending for repair. The claims settled by the company referred to damages to engine seizure due to the mud of water deposits, electrical fittings etc.

Mr. Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance said that the company has approached its customers individually at their doorstep for offering them high-speed claim settlement experience, aiming at streamlining the procedures of settlement.

26% Rise in Net Profit at Q3 End for Bajaj Finserv

Bajaj Finserv recently unveiled its net profit rise at Rs. 437 crore at the end of the third quarter of FY’15-16. This considerable growth in company’s profit includes the corresponding growth in Bajaj Finance.

Having a look on the consolidated net profit of Bajaj Finserv at the end of Q3 last year brings Rs. 347 crore in light, which is a holding company of Bajaj Allianz General Insurance, Bajaj Finance Limited, and Bajaj Allianz Life Insurance. S Sreenivasan, CFO Bajaj Finserv quoted "The quarter was good for us, primarily supported by a 58 percent jump in net profit of Bajaj Finance."

The profit of Bajaj Life Insurance is reported Rs. 191 crore at the end of Q3, which stood at Rs. 99 crore last year, at the same time. The gross revenue of Bajaj Finserv stood at Rs. 5,396 crore with a hike of 12 percent.

Bajaj Allianz General Insurance is hosting Google+ Hangouts sessions

January 6, 2016: Bajaj Allianz General Insurance is hosting regular sessions on Google+ to demystify insurance. According to Sasikumar Adidamu, chief technical officer, non-motor, these Google+ Hangouts are aimed at building awareness about insurance and inviting healthy discussions between the audience/customers and the top management of Bajaj Allianz General Insurance.

The insurer has held 8 Google+ Hangouts thus far, to explain the finer points of various insurance policies and how to manage them for steady protection. Sasikumar further added that the company runs contests and campaigns to educate policyholders about insurance products such as health, motor, travel, and home insurance through social media handles, such as Facebook, Twitter and YouTube. The company has also produced many one-minute films for increasing insurance awareness.

Bajaj Allianz General Insurance Reviews

April 12, 2017

Minor Head light crack due to accident

There was a minor crack and I wondered if they will consider it. I was quite apprehensive in the beginning.Just submitted the relevant documents of insurance copy and registration online and got reimbursed for the same

April 12, 2017

Best motor insurance policies by Bajaj

I bought Bajaj Allianz two wheeler insurance policy for using their online portal. The premium is low and they offer cashback in the form of no claim bonus as well. Bajaj Allianz motor insurance plan is the one to buy.

April 11, 2017

Easy to access online portal

Thanks to Bajaj alliance for online policy renewal process, I was able to extend my policy cover for my Scooty. It's amazing that Bajaj alliance two wheeler insurance has such a cool online mechanism to buy or renew existing policy with in a just few clicks.

April 11, 2017

My bike is in good hands

Bajaj alliance two wheeler insurance is fine. Very easy tidy process for policy renewal and a much improved customer care experience compared to last time. Thanks!!

October 20, 2016


I have bought two wheeler insurance plan from bajaj allianz general insurance. Service is fast and large number of garages are providing great services. Policy coverage is good and claims are high. Even the tow service is available for any location and may charge also.

October 20, 2016

Travel with safety

While travelling with my whole family, i have got a problem lost a luggage but thank god i have purchased bajaj allianz travel insurance plan. The company reimburse my loss instantly. Service is fast and the executives are really very responsive.

October 20, 2016

Best Car Plan

I have purchased new car and for that i have to buy car insurance also and a very nice and beneficial one. The bajaj allianz general insurance is my insurer and it gave me the best plan in low premiums. The tow service is absolutely free at any location. Even the number of garages are high and they assist the customer 24X7.

October 20, 2016

Beneficial Plan

After a long web search, finally got a good health insurance policy from bajaj allianz general insurance. Policy coverage is high and claiming procedure is so simple which can be easily done through online website of the company. Even renewals are done through online portal service.

October 05, 2016

Bike Insurance Policy

I have a two wheeler insurance policy from bajaj allianz general insurance company ltd. Service is fine and the executives gives great response to there customers. Renewals are easy to make by the online portal service.

October 05, 2016

Travel Insurance Policy

While on my last vacation I have lost my baggage. The whole loss is recovered and the amount is reimbursed by my travel insurance policy which is very low in budget and i took it from bajaj allianz general insurance. I'm very happy with your services.

October 05, 2016

Bajaj Vehicle Policy

My car insurance is good among all. It give me the full car insurance, Claims are easy to sanctioned, Coverage is high ~89% and the tow car service is for free at any area. Service given by the executives is fabulous which is provided 24X7.

October 05, 2016

Beneficial Product plan

Got bajaj allianz health insurance policy which gives full protection from every circumstances. Policy coverage is high and premium is less. The service delivered is fabulous which is always on time. Policy renewal is easy to make through online portal site of the company.

September 28, 2016

Worth Of Buying

Long searching on web, finally the search is ended because I have found bajaj allianz insurance company which provides me the best deal and wide range of policies. I have purchased two wheeler insurance in low premiums but the returns are huge. Policy coverage and claims are good with good percentages and lots more.

September 28, 2016

Secure Trip

My last trip is so good, actually a buy the travel insurance plan from bajaj allianz general insurance. Policy covers maximum expenditure and the lost baggage and belongings are fully reimbursable by the company. The updates are seen on the website of the insurance company.

September 28, 2016

Allianz Car Insurance

Perfect car insurance for my car which provides maximum coverage and reimbursed the whole amount of any incident or accident. Claims are easy to get, large number of garages for quick services. Tow car service is absolutely free of cost.

September 28, 2016

Bajaj Plan

Very attractive benefits that's why I purchased bajaj allianz general insurance and the product is health insurance which has low premiums. Service is fast and all company members are ready to help 24X7. Policy coverage is high ~90% and the claims are higher.

August 26, 2016

Vehicle Insurance

My two wheeler insurance policy for my new bike is awesome. Policy coverage is high and except tires whole bike is insured through it. The tow bike service is for free of cost at any location. Renewal of the insurance policy get simple by online portal and it is really easy to use.

August 26, 2016

Wonderful Policy

I purchased travel insurance policy from bajaj allianz general insurance company. Premiums are less but the returns are much more. This plan i found on internet after long time searching. The all information and details are mailed to me regularly on my email address.

August 26, 2016

Health is Wealth

Bajaj health insurance i have bought in normal premium is good. Service is superb with on time surety. Policy cover maximum expenditure with ambulance service which is absolutely free. Claiming is easy. Updates are simple to get through website of the company which is very easy to access.

August 26, 2016

Car plan

Good car insurance which has more facilities than others. Policy coverage is good and claims are high. Car tow service is available at any location for free. The large number of garages are there which facilitate services 24X7. The accidental benefits are there for driver/owner of the insurance policy.

August 23, 2016

Two Wheeler Insurance

Bajaj allianz general insurance provide me two wheeler insurance policy. I took it in very low premium and the benefits are much more. Services given by the each and every person in the company is superb. Updates are mailed regularly and easy online renewal option.

August 23, 2016

Travel Safety

The travel insurance given by the bajaj allianz general insurance is very good insurance policy. The policy coverage is high and the claims are good. The luggage lost is reimbursable and many other benefits are too.

July 29, 2016

Normal Insurance Plan

I took my father's advice and buy home insurance plan from bajaj allianz insurance. Policy coverage is high approx. ninty percent. Claims are high and premiums are less. Reimbursement is there for lost items from natural calamities or theft, burglary etc.

July 29, 2016

Good Insurance Policy

The two wheeler insurance policy i buy is bajaj allianz general insurance. It has fantastic service and the claiming is easily sanctioned. The renewal of the insurance plan is simple just few clicks on online portal website page.

July 27, 2016

Superb Insurance

The travel insurance policy i have taken for my trip is from bajaj allianz general insurance. The policy is good and services is perfectly served. Good policy coverage and premiums are less. The luggage lost or any other valuable belonging is reimbursed by the insurance policy.