Bajaj Allianz Life Insurance Company Limited

Type: Company
Name: Bajaj Allianz Life Insurance Company Limited
First reported Jul 09 2014 - Updated Jul 09 2014 - 1 reports

Up Close with Jens Reisch, Chief Executive Officer, Allianz Malaysia

Press Releases Malaysia, 9 July 2014 -- Bancassurance the sale of retail insurance products through banks as mediums has evolved through different channels since its origin in Europe. The focus is for banks and insurance providers to understand the needs ... [Published Scoop Asia - Jul 09 2014]
First reported Jul 08 2014 - Updated Jul 08 2014 - 1 reports

Bancassurers To Further Leverage On Growth While Overcoming Challenges

Press Releases Malaysia, 8 July 2014 -- Bancassurance the sale of retail insurance products through banks as mediums has evolved through different channels since its origin in Europe. The focus is for banks and insurance providers to understand the needs ... [Published Scoop Asia - Jul 08 2014]
First reported Jul 04 2014 - Updated Jul 04 2014 - 1 reports

StanChart, ICICI Pru tie up for distribution

MUMBAI: Standard Chartered Bank has entered into a 15-year distribution agreement with ICICI Prudential Life Insurance to distribute policies of the private life company. The tie-up comes after the insurance regulator placed on the back burner its plans ... [Published Times of India - Jul 04 2014]
First reported Jul 02 2014 - Updated Jul 03 2014 - 1 reports

Bajaj Allianz Life Insurance to hire 40,000 agents after StanChart exit

Private sector insurer Bajaj Allianz Life is looking at ramping up its agent strength to make up for the loss of business as its 12-year-old distribution partner — Standard Chartered Bank — ended its bancassurance agreement with the insurer in May this ... [Published Financial Chronicle - Jul 02 2014]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

Insurance now convenient, quick and just a click away

It’s quick, easy, convenient and costs less. And it’s just a few clicks away.We’re referring here to buying insurance online. The widespread use of the internet has revolutionised the service industry and various domains like travel, retail fashion and ... [Published Financial Chronicle - Jul 01 2014]
First reported Jun 20 2014 - Updated Jun 20 2014 - 1 reports

Bancassurers to Further Leverage on Growth While Overcoming Challenges by Fleming Gulf Conferences

Kuala Lumpur, Malaysia, June 20, 2014 --( PR.com )-- Bancassurance the sale of retail insurance products through banks as mediums has evolved through different channels since its origin in Europe. The focus is for banks and insurance providers to understand ... [Published PR.com Press Releases - Jun 20 2014]
First reported Jun 15 2014 - Updated Jun 15 2014 - 1 reports

Bajaj Finserv: Buy

The insurance arms of many financial services companies are undervalued, despite contributing significantly to their earnings. This is due to a couple of reasons. One, after the insurance sector opened up in 2000, both life and general insurance went ... [Published Hindu Business Line - Jun 15 2014]
First reported Jun 05 2014 - Updated Jun 05 2014 - 1 reports

Life insurance sector set for revival in new regime

The life insurance sector is slowly turning a corner after four difficult years as the economy shows signs of revival, the equity market performs well, and regulatory changes have been incorporated. Heads of private life insurance companies are optimistic ... [Published Financial Chronicle - Jun 05 2014]
First reported Jun 02 2014 - Updated Jun 02 2014 - 1 reports

Insurers' stocks surge on FDI cap hike buzz

MUMBAI: Shares of companies that have promoted life insurance firms soared on expectations that the parents would gain from the relaxation of foreign direct investment (FDI) limits. Top gainers included Reliance Capital, which rose 10.4%, Max India (10%), ... [Published Times of India - Jun 02 2014]
First reported Jun 01 2014 - Updated Jun 01 2014 - 1 reports

In India, insurance is still sold on premise of investment

The past couple of years have been difficult for the life insurance industry, which had to deal with not only fast-paced reforms, but also shrinking distribution as agents quit in large numbers. As a result, insurers shifted their focus to nurturing the ... [Published Livemint.com - Jun 01 2014]
First reported Jun 01 2014 - Updated Jun 01 2014 - 1 reports

Primer

Today, all leading life insurers offer an array of online plans to their customers. These plans are cost-effective, simple to understand and offer a hassle-free purchase experience. ULIPs, endowment plans, retirement plans and, in many cases, exclusive ... [Published Hindu Business Line - Jun 01 2014]

Quotes

As Bancassurance started off in Europe and has slowly led to a diagonal change where the success now is more forseen the Asian region, Reisch said "It is here to stay and further grow Over the years regulators have recognized this and have created own regulations in many countries. It is of most importance to give choices to consumers,not only concerning products, but also where and from whom they want to buy. As for Malaysia I wish to see bancassurance puts a stronger focus on regular premiums and also on protection and retirement needs, while transformation will take place with greater digitization"
During a recent interview with Nur Ain Ramli, Vice President and Head of Wealth Management,Bank Muamalat she said " Islamic Finance and Takaful is in the fast lane of growing global phenomenon, contributing positively and substantially to the world economy. The main spread of Islamic Finance and Takaful has been in Malaysia and some parts of Asia, the Middle EastEast Europe and Africa. In term of Takaful premiums growth rate in Asean, 71% is in Malaysia. With high GDP levels and fast improving affluence of the middle class, I therefore foresee Bancatakaful will definitely be the centre stage not only in Malaysia but the rest of Asean countries in the near future too. The reason is simple, it lies on the unique proposition and the values of Takaful and Islamic Wealth Management "
...agreement between Standard Chartered Plc and Prudential Plc to expand the term and geographic scope of their pan-Asian bancassurance partnership. "The new 15-year agreement covers India and 10 other markets? comes into effect from July 1" the bank said in a statement
...$ BAL declared its highest ever quarterly profit (standalone) at ` "837 crore v/s `741 crore - an increase of 13%. The Company continues to be the leader by far in Auto industry in terms of EBITDA with a margin of 23.1%. $ BFS (consolidated) net profit increased by 28% from `217 crore to `277 crore. Bajaj Finserv's consolidated results include results of its lending arm Bajaj Finance Limited and its two insurance subsidiaries - Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited. Summary of consolidated financials of BHIL is as under: ` In Crore Q2 FY14 Q2 FY13 H1 FY14 H1 FY13 FY13 NetNet sales and other income 92 92 234 164 339 Income from associates after tax 393 321 724 617 1,603 Profit after tax 460 391 903 740 1,856 3. STANDALONE RESULTS Details of standalone financials are given below: ` In Crore Q2 FY14 Q2 FY13 H1 FY14 H1 FY13 FY13 Dividend : - From BAL, BFS & MSL 425 419 425 419 419 - From others 22 24 46 46 56 Profit on sale of investments (net) 9 22 73 28 92 Interest & other income 52 42 105 84 178 Total revenue 508 507 649 577 745 Total expenses 9 5 14 7 15 Profit before tax 499 502 635 570 730 Profit after tax 484 486 595 538 663 4. INVESTMENTS The cost and market value of the investment portfolio is as under: ` In Crore 30-Sep-13 31-Mar-13 Cost Market Value Cost Market Value Equity shares - BAL, BFS & MSL 1,030 21,993 1,030 21,307 Equity shares - Others 1,892 2,402 2,026 2,897 Fixed income securities 2,174 2,201 1,706 1,727 Fixed deposits 240 240 300 300 Total 5,336 26,836 5,062 26,231 Sanjiv Bajaj Managing Director"

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All (15) | News (12) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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Up Close with Jens Reisch, Chief Executive Offi... [Published Scoop Asia - Jul 09 2014]
Bancassurers To Further Leverage On Growth Whil... [Published Scoop Asia - Jul 08 2014]
StanChart, ICICI Pru tie up for distribution [Published Times of India - Jul 04 2014]
ICICI Pru Life, StanChart in bancassurance tie-up [Published Hindu Business Line - Jul 04 2014]
Bajaj Allianz Life Insurance to hire 40,000 age... [Published Financial Chronicle - Jul 02 2014]
Insurance now convenient, quick and just a clic... [Published Financial Chronicle - Jul 01 2014]
Bancassurers to Further Leverage on Growth Whil... [Published PR.com Press Releases - Jun 20 2014]
Bajaj Finserv: Buy [Published Hindu Business Line - Jun 15 2014]
Life insurance sector set for revival in new re... [Published Financial Chronicle - Jun 05 2014]
Insurers' stocks surge on FDI cap hike buzz [Published Times of India - Jun 02 2014]
In India, insurance is still sold on premise of... [Published Livemint.com - Jun 01 2014]
Primer [Published Hindu Business Line - Jun 01 2014]
Half Yearly Report [Published TrustNet - Oct 22 2013]
Fact Sheet for Bajaj Auto Limited [Published Able2Act - May 06 2008]
Fact Sheet for Bajaj Auto Limited [Published Able2Act - Feb 07 2008]
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Bancassurers to Further Leverage on Growth Whil... [Published PR.com Press Releases - Jun 20 2014]
Kuala Lumpur, Malaysia, June 20, 2014 --( PR.com )-- Bancassurance the sale of retail insurance products through banks as mediums has evolved through different channels since its origin in Europe. The focus is for banks and insurance providers to understand ...
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