Bajaj Allianz Life Insurance Co., Ltd. · Pune, Maharashtra India
Company Description
Phone: +91-20-3058-7888
Fax: +91-20-4011-1502
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This link will open in a new window Bajaj Allianz Life hopes it's aligned with its clientele's life insurance needs. The company, which provides life insurance services to customers throughout India, is a joint venture between global insurance company Allianz and motorcycle maker Bajaj Auto . With more than 1,000 branches nationwide, Bajaj Allianz Life specializes in bancassurance (through partnership tie-ups with Standard Chartered Bank, Syndicate Bank, and other banks), corporate agency, and group business services. Its product line caters to a wide spectrum of customers and needs, including companies, individuals, children, risk care, lifetime care, and term care. The company got its start in 2001. To read the full description, subscribe now.
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Key Bajaj Allianz Life Insurance Co., Ltd. Financials
| Company Type | Joint Venture Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $0.0 |
Bajaj Allianz Life Insurance Co., Ltd. Executives
9 executives listed for Bajaj Allianz Life Insurance Co., Ltd.'s Pune, Maharashtra location.
| Title | Name & Bio | Contact |
| CEO and Director | Kamesh Goyal | Network |
| CFO | Rajesh Viswanathan | Network |
| Head, Corporate Division | J. K. Bhagat | Network |
Competition
Competitive Landscape for Bajaj Allianz Life Insurance Co., Ltd.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Bajaj Allianz Life Insurance Co., Ltd. Competitors
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