1. Presented By: Mohit Gandhi- PGDM4(1723)
Anjali Rai – PGDM4(1713)
Prakhar Jain – Cmba2y1(1735)
Rohit Kumar Dada-Cmba2y1(1741)
Renuka Ghola –Cmba2y1(1739)

2. Contents
• Introduction
• Formation of Bajaj Allianz
• Core Values
• Vision & Mission

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.
Source:

4. Formation of Bajaj Allianz
Bajaj
Finserv
Allianz SE
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
insurance.
• 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
countries.
• Allianz has insured most of the
world's largest infrastructure
projects ( Hong Kong Airport
and Channel Tunnel between
UK and France).

5. CORE VALUES

6. Vision & Mission
Vision :
• To be the first choice insurer for customers
• To be the preferred employer for staff in the insurance
industry
• To be the number one insurer for creating shareholder
value
Mission:
• 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
money.

7. Insurance
Life
Insurance
General
Insurance
FireMarineHealthAuto

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
Classification
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
hotels.
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
your car.
Car repair expenses can be claimed in case of a car
accident
It provides protection against third-party liability and
physical damages from
Fire ,Theft ,Burglary ,Riots ,Earthquakes, Flood ,
Cyclones CAR INSURANCE
Fire 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
occurred
The insurer is liable to the actual amount of loss not
exceeding the maximum amount fixed under the policy
Health Insurance
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
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
final destination
Four types of marine insurances:
1. Hull Insurance
2. Cargo Insurance
3. Freight Insurance
4. 4. Liability Insurance

10. Bajaj Allianz deals in
following plans
Motor
Insurance
Car and Two
Wheeler
Insurance
Third Party
Commercial
Vihecal
Travel Insurance
Individual
Family
Senior citizen
Student Travel
Health
Insurance
For Individuals
For Family
Global Personal
Guard
Critical illness
Extra Care Plus

11. CAR INSURANCE
TWO WHEELER INSURANCE
PERSONAL ACCIDENT
INSURANCE
a) Best value plan
b) Standard plan
c) Flexible plan
a) Third party liability only
policy
b) Comprehensive package
Policy
a) Basic coverage
b) Wider coverage
c) Comprehensive coverage
Product portfolio of Bajaj Allianz

12. HEALTH
INSURANCE
• 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

13. 1 2 3 5
TRAVEL INSURANCE
INDIVIDUAL
TRAVEL
INSURANCE
FAMILY
TRAVEL
INSURANCE
SENIOR
CITIZEN
TRAVEL
STUDENT
TRAVEL
INSURANCE
4 6
CORPORATE
TRAVEL
INSURANCE
TRAVELASIA

14. EASY HOUSE HOLDERS PACKAGE POLICY
HOUSE HOLDERS PACKAGE POLICY
MY HOME INSURANCE
HOUSE INSURANCE
CYBER SAFE INSURANCE
IDENTITY THEFT SOCIAL MEDIA LIABILITY
CYBER STALKING MALWARE ATTACK
PRIVACY & DATA BREACH BY THIRD PARTY EMAIL SPOOFING

15. Commercial insurance
• Property insurance
• Marine insurance
• Liability insurance
• Financial lines
insurance
Engineering insurance
Energy insurance
Employee benefits
insurance
International insurance
solutions

17. Strengths
• Global exposure in Insurance
• Financially Strong
• Has network across
• Strong ratings
• Wide product range

18. Weaknesses
• Cheaper rates offered in market
• Least preferred by MIG people
• Low urban v/s rural customer ratio

19. Opportunities
• Growing rural interactions.
• Urban youth with growing
income.
• Growing health care sector.

20. • Forex fluctuations.
• IRDAI norms.
• Increase of NBFCs in India