Bajaj Allianz Life Insurance gets growth of 49%


Bajaj Allianz Life Insurance Company Limited, one of India’s leading private life insurers, continued to clock impressive growth on individual rated new business (IRNB) premium by registering a 49.4% growth in FY2022. The company recorded the highest growth (among the top 10 private players) of 39.3% in the month of March 2022 alone, at the back of its comprehensive range of products, innovative digital services and a robust sales network.

Tarun Chugh, MD & CEO, Bajaj Allianz Life, commented, “Happy to have wrapped the previous financial year with a strong growth of 49% in individual rated new business premium (the highest amongst the top-10 private market players on IRNB basis) It’s a reflection of our consolidated efforts across business parameters – including quality of the business we write, persistency that we are focusing on and working towards being a preferred partner when it comes to investing towards any long-term financial goals.”


We closed the financial year with not only a strong product portfolio, but also an equally strong distribution network with a robust network of both online and offline partners, including our own agents and proprietary sales force. These are key aspects that will help us in the year ahead as well. Bajaj Allianz Life continues to invest towards offering customer delight through a suite of self-servicing and aided service options. We are confident that as an organization we will keep the foot on the pedal and work towards enabling many more customers achieve their life goals with us!”


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