Bajaj Allianz

Union Budget Comments by Tarun Chugh, CEO Bajaj Allianz Life

Union Budget Comments by Tarun Chugh, CEO Bajaj Allianz Life

Indian stock market has matured over the last 10 years and the impact of budget on the markets has been muted in the past few years. In the last Union Budget, as the government announced long term capital gains tax, the markets reacted. However, in 2-3 trading sessions, markets regained momentum. This year's budget, presented by Finance Minister Nirmala Sitharaman has left economists guessing about how the government will achieve the targets for growth and spending on projects.

The budget has remained a non-event for majority of sectors as the government hasn't announced any concrete steps on its growth and spending plans for different sectors.

The comments on Union Budget from Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance....

Bajaj Allianz GI plans 4,000 virtual offices in 2-3 years

Bajaj-AllianzMumbai: Bajaj Allianz General Insurance on Tuesday said it plans to open over 4,000 virtual offices spread across Tier 2 and 3 cities over the next 2-3 years.

The Pune-based private company, one of the key players in general insurance space, has already launched a dozen such offices on a pilot basis.

"We are looking at opening more than 4,000 virtual offices across Tier 2 and 3 cities of the country within the next 2-3 years. We have already launched 12 such offices in Pune and Bangalore on a pilot basis and our experience has been good so far," Bajaj Allianz GI Managing Director and CEO Tapan Singhel said.

Insurance regulator soft on errant firms: Activists

Bajaj-AllianzChennai, Aug 24 : India's insurance regulator, with a mandate to protect policyholders' interests, seems to be soft on errant life insurers, say consumer activists, citing the recent penalty on Bajaj Allianz Life Insurance Company Ltd.

The Insurance Regulatory and Development Authority (IRDA) had, Aug 21, levied a penalty of Rs. 7,800,000 on the Pune-based Bajaj Allianz Life Insurance Company Ltd for rejecting 78 death claims without any valid reason.

Aviation cover rates may see a hike

Air-IndiaAccording to the people working closely with various insurance companies, after the Air India (AI) Express flight crashed while landing at the Mangalore airport on Saturday, killing 158 people, it is believed that the aviation cover rates may see a hike.

In fact, T. A. Ramalingam, head of underwriting at Bajaj Allianz General Insurance Co. Ltd said that the Mangalore incident may see a huge impact on the cover rates.

Bajaj Allianz joins hands with Dena Bank

Bajaj-Allianz-Dena-BankAs the last financial year has been fruitful for almost all the private and the public insurance companies but Bajaj Allianz has been the frontrunner in the race. In fact, the success gained in the past year hasn't really bought complacency in its approach rather the insurer is aiming to strike gold this fiscal.

And the recent deal under which the Private sector insurer Bajaj Allianz Life Insurance today signed an agreement with public sector lender Dena Bank for the distribution of an insurance product can be considered as one of the first steps in that direction.

Bajaj Allianz’s Extra Care

Bajaj Allianz’s Extra CareIn order to compete against the growing costs of medical covers, Bajaj Allianz Insurance has launched its new offer - Extra Care. This is an affordable plan which takes care of all over the board expenses. Rather all the additional costs incurred to cover any hospital or medical expenses can be levied off by this plan.

Shamrao Vithal Bank ‘inks pact’ with Bajaj Allianz Life Insurance

Shamrao Vithal Bank ‘inks pact’ with Bajaj Allianz Life InsuranceThe Shamrao Vithal Co-operative Bank Ltd., one amongst the first 3 leading urban co-operative banks in the country has partnered with Bajaj Allianz Life Insurance, one the leading private life insurance companies.

Both partners expect that the association would provide basic life insurance products to lender's extensive customer base, spread across the country.

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