About Bajaj Allianz Life Insurance Company India Ltd.
Bajaj Allianz Life Insurance Company Limited is a joint venture amid Bajaj Finserv Limited and Allianz SE, the world’s commanding insurance conglomerate and one of the most comprehensive asset managers in the world.
Bajaj Allianz Life Insurance Company Limited established its operations in 2001 and presently has a pan-India bearing with 582 branches as on 31 August 2019. The company proposes insurance solutions that purvey to every need and section of customers. It has a powerful product portfolio from Term insurance plans to Child plans, from Pension plans to different investment plans and from group insurance to saving plans. The company also offers Microinsurance and health insurance plans.
Bajaj Allianz Life Insurance offers insurance products in the following domains :
- Life Insurance Plans
- Term Insurance Plans
- Retirement Plans
- Child Education Plans
- Group Insurance Plans
- Investment Plans
- Health Insurance Plans
- Saving Plans
- Micro Insurance Plans
The Edge Offered by Bajaj Allianz Life Insurance Company India Ltd.
With its presence in over 800 locations in India, Bajaj Allianz Life ensures it is accessible to a wide segment of the masses. Some of its advantages superseding its rivals include :
- A broad spectrum of insurance plans tailor-made to meet the unique requirements of policyholders
- Seamless issuance and revival of policies
- Flexibility in paying premiums and payouts
- Swift claim settlement services through 24x7 support.
- Better customer-centricity through the digital payment of premiums
Claim Settlement Ratio
In the year 2017-2018, Bajaj Allianz Lifes’s Claim Settlement Ratio was 92.04%.