3. INTRODUCTION General insurance company formed with a joint venture between
Bajaj Finserv Ltd and Allianz SE.
Bajaj Allianz received the Insurance Regulatory and Development
Authority (IRDA) certificate of Registration on 2nd May, 2001 to
conduct various businesses in India.
The Company has an authorized and paid up capital of Rs 110
crores. Bajaj Finserv Limited holds 74% and the remaining 26% is
held by Allianz, SE.
It continues to be one of the most financially robust insurers in the
industry by maintaining its growth as well as profitability.
Bajaj Allianz General Insurance has received iAAA rating from ICRA
For the 11thconsecutive year.
As per ICRA highest claims paying ability and a fundamentally
strong position in the industry.
4. Formation of Bajaj Allianz
Bajaj Finserv Allianz SE
• Bajaj Finserv Limited has been
recently demerged from Bajaj
Auto Limited which is the
largest manufacturer of two
and three-wheelers in India.
• It is an Indian financial
services company focused on
lending, asset management,
wealth management and
• Allianz SE is in the business of
General Insurance; Life &
Health Insurance and Asset
Management and has been in
operation for over 110 years.
• Allianz is one of the largest
global composite insurers with
operations in over 70
• Allianz has insured most of the
world's largest infrastructure
projects ( Hong Kong Airport
and Channel Tunnel between
UK and France).
6. Vision & Mission
• To be the first choice insurer for customers
• To be the preferred employer for staff in the insurance
• To be the number one insurer for creating shareholder
• As a responsible, customer focused market leader, we will
strive to understand the insurance needs of the consumers
and translate it into affordable products that deliver value for
8. Definition :
General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments
depending on the loss from a particular financial event.
Any sort of 'non-life' insurance policy falls under General Insurance
It is also called as property & casualty insurance
Commercial lines Personal lines
What is general Insurance ?
General Insurance is called property and casualty insurance in the U.S. and Non-Life Insurance in Continental Europe.
Products are usually designed for relatively small legal entities. These
would include workers' comp (employers liability), public liability, product
liability, commercial fleet and other general insurance products sold in a
relatively standard fashion to many organizations. There are many
companies that supply comprehensive commercial insurance packages for
a wide range of different industries, including shops, restaurants and
products are designed to be sold in large
quantities. This would include autos (private car),
homeowners (household), pet insurance,
creditor insurance and others.
9. It is a mandatory product to buy after you purchase
Car repair expenses can be claimed in case of a car
It provides protection against third-party liability and
physical damages from
Fire ,Theft ,Burglary ,Riots ,Earthquakes, Flood ,
Cyclones CAR INSURANCE
It covers any damage to property as a result of a fire
It goes beyond property insurance and covers
The cost of reconstruction
The cost of replacement
The cost of repair
The loss can be ascertained only after the fire has
The insurer is liable to the actual amount of loss not
exceeding the maximum amount fixed under the policy
Health insurance, like other forms of insurance, is a
form of collectivism by means of which people
collectively pool their risk, in this case the risk of
incurring medical expenses.
Marine insurance refers to coverage provided for the
loss or even damage that has been caused to cargo,
ships, terminals between their points of origin and
Four types of marine insurances:
1. Hull Insurance
2. Cargo Insurance
3. Freight Insurance
4. 4. Liability Insurance
10. Bajaj Allianz deals in
Car and Two
Extra Care Plus
11. CAR INSURANCE
TWO WHEELER INSURANCE
a) Best value plan
b) Standard plan
c) Flexible plan
a) Third party liability only
b) Comprehensive package
a) Basic coverage
b) Wider coverage
c) Comprehensive coverage
Product portfolio of Bajaj Allianz
• HEALTH GUARD INDIVIUAL POLICY
• HEALTH GUARD FAMILY FLOATER OPTION
• SURGICAL PROTECTION PLAN
• PREMIUM PERSONAL GUARD
• EXTRA CARE
• CRITICAL ILLNESS
• HEALTH CARE SUPREME
• HOSPITAL CASH DAILY ALLOWANCE
• SILVER HEALTH
• STAR PACKAGE
• HEALTH ENSURE
• TAX GAIN
• CRITICAL ILLNESS FOR WOIMEN
• TOP UP HEALTH PLAN
14. EASY HOUSE HOLDERS PACKAGE POLICY
HOUSE HOLDERS PACKAGE POLICY
MY HOME INSURANCE
CYBER SAFE INSURANCE
IDENTITY THEFT SOCIAL MEDIA LIABILITY
CYBER STALKING MALWARE ATTACK
PRIVACY & DATA BREACH BY THIRD PARTY EMAIL SPOOFING
Commercial lines: products are usually designed for relatively small legal entities. These would include workers' comp (employers liability), public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organizations. There are many companies that supply comprehensive commercial insurance packages for a wide range of different industries, including shops, restaurants and hotels.
Personal lines: products are designed to be sold in large quantities. This would include autos (private car), homeowners (household), pet insurance, creditor insurance and others.