Bajaj Allianz

Corporate Profile

Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE. Out of an authorized and paid up capital of Rs. 110 crore, 74 percent is held by Bajaj Finserv while the rest is held by Allianz, SE.

Contents

• - Corporate Profile
• - Company History
• - Company Founder(s)
• - Company Milestones
• - Vision & Values
• - Management Team
• - Products & Services
• - Awards & Recognition
• - Contact Details
• - Private Car Insurance
• - Two Wheeler Insurance

Bajaj Allianz is the only private insurer to exceed the Rs. 100 crore mark in profit before tax. For the year ended March 2010, the company earned a profit (before tax) of Rs. 180 crore and a profit after tax of Rs. 121 crore, 27% higher than the year 2009’s profit. The company has maintained this reputation for four preceding years as well.
Its head office at Pune is connected with over 200 towns across India with the help of a country wide internal network enabling quick communication and response.

TopCompany History

On May 2, 2001, Bajaj Allianz General Insurance Company Limited was granted the certificate by the Insurance Regulatory and Development Authority (IRDA) to conduct General Insurance Business in India. The company has since built a reputation for itself in the Indian insurance industry and has quickly crafted a steep uphill path for itself to be counted among the top insurance providers in India.

TopCompany Founder(s)

Bajaj Finserv, with 74 percent share in the venture, was formerly a part of Bajaj Auto Limited and came to be demerged from it. It became an independent company on April 1, 2007. Apart from various financial services, the company is also involved in wind energy generation.
Allianz, headquartered in Munich (Germany), is a global financial services company, ranked as the world's 12th-largest financial services group in 2010. As per a composite measure by Forbes Magazine, the company is ranked to be the 23rd largest company in the world. Its business is majorly focused at insurance and related services and has presence in over 70 countries providing various insurance products and asset management and banking solutions. It holds 26 percent of the shares in the Bajaj Allianz joint venture in India.

TopCompany Milestones

Bajaj Allianz is among the few Indian insurance companies to have received the iAAA rating from ICRA Limited, an associate of Moody's Investors Service. This rating implies that the company has achieved a significant claims-paying ability and a strong financial position.

TopVision & Values

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.”

Our Core Values

Our core values are the never-changing definition of who we are and what we stand for. Our values are the guiding force behind every workplace action and decision and they define what we collectively stand for as an organization. At Bajaj Allianz General Insurance, we..

• Customer First Always
• Treat all customers with warmth and respect
• Understand and manage customer expectations
• Listen and are empathetic to the customer
• Engage with the customer in the long term
• Spirit of Adventure
• Lead change
• Look for opportunities to innovate at every level
• Empower others to take responsible decisions
• Show tolerance for failure
• Trust
• Are accessible to all
• Are fair and transparent
• Are open to feedback
• Keep commitments
• Trust each other to do a good job and give due credit
• Own up to mistakes
• Shared Ownership
• Take collective ownership for success and failure
• Respect divergent views and own the decisions taken
• Put organizational interest above team & individual interests
• Consciously include and respect people from different
• backgrounds
• High Standards
• Set new benchmarks of excellence
• Are open to new ideas for raising the bar
• Take pride in our work and excel in what we do

TopManagement Team

The management team of the Bajaj Allianz Insurance Company comprises some of the most experienced persons in global finance and commerce. Their focus towards customer satisfaction and requirements has enabled the company to effectively address the same and garner a reputation for the company in the Indian Insurance sector. At same time, they have helped the company maintain constant growth with innovative products that prove beneficial for its customers.
Following are the members of the Management team:

• Mr. Rahul Bajaj (Chairman)
• Mr. Manuel Bauer (Director)
• Mr. Sanjay Asher (Independent Director)
• Mr. Niraj Bajaj (Director)
• Mr. Sanjiv Bajaj (Director)
• Mr. Heinz Dollberg (Senior Consultant)
• Mr. Kamesh Goyal (Alternate Director)
• Mr. Ranjit Gupta (Director)
• Mr. S. H. Khan (Independent Director)
• Mr. Suraj Mehta (Independent Director)
• Mr. Dipak Poddar (Independent Director)
• Mr. Manu Tandon (Independent Director)
• Mr. Hemant Kaul (MD & CEO)

TopProducts & Services

The portfolio of Bajaj Allianz boasts of a wide variety of insurance products to suit the different insurance requirements for life, motor, travel, health and property insurance. Its customers range from individuals to corporate clients with specific needs and preferences. The ability to design policies according to the customer’s requirements and the wide networking of offices and agents have helped the company cater to numerous clients spread across more than 200 towns in India.
The company has the following product lines:

• Life Insurance
• Motor Insurance
• Car Insurance
• Two Wheeler Insurance
• Motor Tools
• Travel Insurance
• Health Insurance
• Property Insurance

TopAwards & Recognition

It was awarded the prestigious "Business Leader in General Insurance" award by NDTV Profit Business Leadership Awards 2008. Moreover, it has been among the top three finalists for the General Insurance Company of the Year award by Asia Insurance Review in the year 2007 and 2008.
The company has been awarded the “Best Leading Private Player – Non Life” in the CNBC TV18 Best Bank and Financial Institution Awards FY11.

TopContact Details

Head Office
Bajaj Allianz General Insurance Company Ltd.
GE Plaza, Airport Road,
Yerawada,
Pune - 411006
Tel: 1800-233-3355 (Toll Free)
Email: websales@bajajallianz.com
Website: http://bajajallianz.com

Contact Details for Customer Care
Any Landline/ Mobile: 1800- 209- 5858
MTNL/ BSNL: 1800- 22- 5858
Bharti: 1800- 102- 5858
Other: +91-(0)20-30305858

TopPrivate Car Insurance

With Bajaj Allianz, car insurance can be availed or renewed in four simple steps. Moreover, the company has tie-ups with over 1500 preferred garages which provide the facility of cashless claims. These preferred workshops enable hassle free inspection and effective service. The company also provides the option to transfer up to 50% of the existing No Claim Bonus from any other insurance provider. A 24x7 Towing facility is also offered in case the vehicle breaks down or meets with an accident. Further, if the premium is being paid through Citibank Credit Card a 0% interest EMI option is also available.

TopTwo Wheeler Insurance

Bajaj Allianz provides its customers a comprehensive two wheeler insurance policy in order to ensure complete coverage from all kind of damages or losses a vehicle is prone to. These range from various man made calamities to natural ones. With this policy, the policyholder is insured against all such damages including the third party liability which is a compulsion for all the vehicles in India under the Motor Vehicle Act.
The company offers the service of cashless settlement at over 1500 preferred authorized workshops ensuring a hassle free claim settlement process along with a 24x7 claim support to policyholders. Further, an easy online purchase process simplifies the policy selection and buying process.
The insurance policy for Two Wheelers is the same as that for Private Cars. Kindly go through the Private Car Insurance policy to know more.