Bajaj Allianz Life Insurance Company Limited

Type: Company
Name: Bajaj Allianz Life Insurance Company Limited
First reported 18 hours ago - Updated 3 hours ago - 1 reports

SBI Life Insurance posts net profit of Rs. 241 crores in Apr-June period, total premium up 17 %

Mumbai:SBI Life Insurance has posted  an increase of 14 %.in net profit at Rs 241 crores for the quarter ending June 2014 as against Rs. 212 crores during the corresponding quarter last year.The total premium of the company grew by 17 % to Rs. 1,676 ... [Published Asia Insurance Post - 18 hours ago]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Bajaj Finserv's income growth makes it a good buy

Bajaj Finserv has continued with its good performance in the first quarter of 2014-15. Its consolidated income from operations rose to Rs 1,630 crore compared to Rs 1,271 crore during the same period in 2013-14, a year-on-year (y-o-y) gain of 28 per cent. ... [Published Economic Times - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

Move to hike insurance FDI brings JVs' stake pricing back in focus

MUMBAI: The government's decision to increase foreign direct investment cap in the insurance sector to 49% could reopen the prickly issue of pricing the additional 23% stake sale to the foreign partner. One of the larger companies where the issue is likely ... [Published Times of India - Jul 27 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

Return of the ULIP

After a barrage of bad news over the years, investors in Unit-Linked Insurance Plans (ULIPs) finally have reason to cheer.Before 2010, heavy costs and charges on these plans ate away large portions of the return. And with the markets stuck in a narrow ... [Published Hindu Business Line - Jul 27 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

ChrysCapital Offloads Stake In Gammon India

ChrysCapital through its investment vehicle Warhol Limited has sold 10.9 Million shares of infrastructure major @Gammon_India_L Limted for a total consideration of INR 297.7 Mn in the open market. The shares constituting 7.9% stake in the company were ... [Published Street Sweeper - Jul 27 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

ChrysCapital Offloads Stake In Gammon India

ChrysCapital through its investment vehicle Warhol Limited has sold 10.9 Million shares of infrastructure major @Gammon_India_L Limted for a total consideration of INR 297.7 Mn in the open market. The shares constituting 7.9% stake in the company were ... [Published Deal Curry - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Gammon India soars as Bajaj Allianz buys 15 lakh shares of the company

Gammon India is currently trading at Rs. 28.50, up by 1.00 points or 3.64% from its previous closing of Rs. 27.50 on the BSE.The scrip opened at Rs. 28.45 and has touched a high and low of Rs. 28.85 and Rs. 28.30 respectively. So far 599953 shares were ... [Published Arihant Capital - Jul 25 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Extended Pension Plan Offers from Bajaj Allianz Life Insurance

Government servants that were covered under the pension plan have the benefits of family pension but the facilities were non-existent for pensioners covered by various private insurance companies.Pensioners that need to take care of their mate and family ... [Published I-Newswire - Jul 22 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

Life insurers resort to increased customer segmentation

CHENNAI: Life insurers are increasingly adopting a customer segmentation approach with respect to selling insurance plans.HDFC Life has filed a life insurance cover with estate planning features targeting the HNI (high net worth individuals) for approval. ... [Published Times of India - Jul 17 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

India: Bajaj Finserv to sell part of its stake in insurance business

India's Bajaj Finserv Ltd. has said that once the Insurance Act is amended, it will offload part of its stake in nonlife and life insurance joint ventures to its foreign partner Allianz S.E., The Times of India reported.Bajaj Finserv owns 74% of Bajaj ... [Published Business Insurance - Jul 17 2014]
First reported Jul 16 2014 - Updated Jul 17 2014 - 3 reports

Bajaj Finserv ready to sell stakes in insurance business

MUMBAI: Bajaj Finserv will sell part of its stake in its life and non-life insurance joint ventures to its foreign partner Allianz once the insurance Act is amended.The company has said that amendments to the Act would be a positive for the company's ... [Published Times of India - Jul 17 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]

Quotes

Atanu Sen, Managing Director and CEO of SBI Life Insurance said, "We are pleased to announce significant growth for this quarter and look forward to achieving 35 per cent growth in gross written premium this fiscal. We continue to be steadfast in our vision to be the most trusted life insurance provider in the Indian market. The recent announcement to increase cap in FDI investments to 49% will give the Insurance industry a much needed boost and will spur a new cycle of growth."
Industry observers also state that insurers are increasingly looking at specific clusters. "Life insurers are increasingly looking at specific customer segments and building a business around them. Many of them have a separate team that focuses on such HNI clients" Rahul Aggarwal, chief executive officer, Optima Insurance Brokers, said
"If the Act is amended, Bajaj Finserv will sell its shares to bring its stake down from 74% and shareholders will gain as money would come to the company." he said
...Lamenting on the importance, Jens commented "It is important for any insurance companies to offer distribution. One of the many forms on how this could be summoned is by venturing into partnership creating business targets and values. For example: Allianz acquisition with CIMB on the general insurance sector and HSBC for the life and health insurance. These institutions share common values in building a long term sustainable success. For Allianz it is important to build long-term and sustaining partnerships, where each party brings in its expertise and strength. It is important that both partners share the same values and principles. Another important aspect is that partnerships and co-operations support Allianz as a brand and its values. Ultimately , this partnerships becomes beneficial to its customers in terms of products and services offered" he said

More Content

All (30) | News (26) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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SBI Life Insurance posts net profit of Rs. 241 ... [Published Asia Insurance Post - 18 hours ago]
Bajaj Finserv's income growth makes it a good buy [Published Economic Times - Jul 28 2014]
Move to hike insurance FDI brings JVs' stake pr... [Published Times of India - Jul 27 2014]
Return of the ULIP [Published Hindu Business Line - Jul 27 2014]
ChrysCapital Offloads Stake In Gammon India [Published Street Sweeper - Jul 27 2014]
ChrysCapital Offloads Stake In Gammon India [Published Deal Curry - Jul 25 2014]
Gammon India soars as Bajaj Allianz buys 15 lak... [Published Arihant Capital - Jul 25 2014]
Extended Pension Plan Offers from Bajaj Allianz... [Published I-Newswire - Jul 22 2014]
Life Insurance: Anuj Agarwal [Published Business Standard India - Jul 20 2014]
Life insurers resort to increased customer segm... [Published Times of India - Jul 17 2014]
India: Bajaj Finserv to sell part of its stake ... [Published Business Insurance - Jul 17 2014]
Allianz may not increase stake in JVs soon: Bajaj [Published Financial Express - Jul 17 2014]
Bajaj Allianz JVs get ready for 49% FDI, JVs re... [Published Asia Insurance Post - Jul 17 2014]
Bajaj Finserv ready to sell stakes in insurance... [Published Times of India - Jul 17 2014]
Bajaj Finserv net up 14% at Rs 319 crore [Published Business Standard India - Jul 16 2014]
Bajaj Finserv's Q1 consolidated net profit rise... [Published Business Standard India - Jul 16 2014]
Bajaj Finserv’s Q1 net profit up 14% [Published Hindu Business Line - Jul 16 2014]
Up Close with Jens Reisch, Chief Executive Offi... [Published PR.com Press Releases - Jul 11 2014]
Higher FDI in insurance to prop up foreign inflows [Published DNA India - Jul 11 2014]
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]
Insurers' stocks surge on FDI cap hike buzz [Published Times of India - Jun 02 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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Up Close with Jens Reisch, Chief Executive Offi... [Published PR.com Press Releases - Jul 11 2014]
Kuala Lumpur, Malaysia, July 11, 2014 --( PR.com )-- Jens Reisch, Chief Executive Officer of Allianz Malaysia, has come a long way with 27 years of experience, starting off as a Manager in the Training Department at Allianz during the 1980s to handling ...
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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