Bajaj Allianz General Insurance records gross direct premium underwritten of Rs1,123.59cr in December; Life Insurance new business premium at Rs1,164.56cr

6 Jan 2022 , 12:34 PM

Bajaj Finserv has announced the performance of unlisted subsidiaries Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited for December 2021.

In December 2021, Bajaj Allianz General Insurance recorded a gross direct premium underwritten of Rs1,123.59cr. For the nine months of FY22, the gross direct premium underwritten stood at Rs10,419.69cr.

Meanwhile, in December 2021, Bajaj Allianz Life Insurance logged a new business premium of Rs1,164.56cr. Of the total, individual non-single premium and group single premium stood at Rs459.06cr and Rs585.34cr respectively, while the individual single premium and group yearly renewable premium was at Rs22.92cr and Rs97.24cr.

From April – December 2021, Bajaj Allianz Life Insurance’s premium stood at Rs5,900.09cr.

Both the subsidiaries have submitted the figures to the Insurance Regulatory and Development Authority of India (IRDAI) and the General/Life Insurance Councils

At around 12.29 pm, Bajaj Finserv was trading at Rs17759.20  per piece down by Rs223.80  or 1.24% on Sensex. The stock was near the day’s low of Rs17712.50 per piece.