Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited have reported strong growth in their respective premiums for November 2024, as per the latest disclosures to the Insurance Regulatory and Development Authority of India (IRDAI).
Key Highlights:
Bajaj Allianz General Insurance:
- Gross Direct Premium (November 2024): ₹1,364.67 crore.
- Gross Direct Premium (April-November 2024): ₹15,781.54 crore.
- The premiums are reported in accordance with the IRDAI Master Circular for actuarial functions.
Bajaj Allianz Life Insurance:
- New Business Premiums (November 2024):
- Individual Single Premium: ₹31.73 crore.
- Individual Non-Single Premium: ₹407.95 crore.
- Group Single Premium: ₹193.90 crore.
- Group Yearly Renewable Premium: ₹25.77 crore.
- Total New Business Premium: ₹659.35 crore.
- New Business Premiums (April-November 2024):
- Total: ₹7,449.08 crore.
Business Growth and Outlook:
Both subsidiaries continue to exhibit significant growth momentum, reinforcing their leadership in the general and life insurance segments. These figures reflect a robust demand for insurance products and services across both individual and group categories.
