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About Us

Your Life Goals Enabler

Why you should choose Bajaj Allianz Life

About Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Life Insurance Company Limited is one of India’s leading private life insurance companies. It is a joint venture between Bajaj Finserv Limited, the holding company for the businesses dealing with financial services of the Bajaj Group, and Allianz SE, the world’s leading insurance conglomerate and one of the largest asset managers in the world.

Bajaj Allianz Life Insurance Company Limited began its operations in 2001, and today has a pan-India presence with 582 branches as on 31 August 2019. The company offers life insurance solutions through its strong product portfolio, which includes traditional insurance products and ULIPs for enabling customers fulfill their LifeGoals. The company also offers group insurance and health insurance plans.

Vision & Culture

Mission 2020

To become undisputed leader amongst non-bank promoted life insurance companies in Top-line and Profitability.


Name of Promoters % of Holding
Bajaj Finserv Ltd. 74
Allianz SE 26


Bajaj Finserv Limited deals with financial services of the Bajaj Group. Its core businesses are spread across Lending, Insurance and Wealth Advisory.

The two insurance companies, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company, are joint ventures with Allianz SE, Germany. Bajaj Finserv is the majority partner in the JV and the two companies individually manage operations in general and life insurance spaces.

The comprehensive life insurance solutions, technical expertise and experience of Allianz SE combines with the in-depth market knowledge and goodwill of "Bajaj" brand in India. Competitive pricing and customized life insurance solutions have earned Bajaj Allianz Life the customer's trust and market leadership in a very short time. Bajaj Allianz Life Insurance has developed life insurance solutions that cater to every segment and age-income profiles. Currently Bajaj Allianz Life has a strong life insurance portfolio and caters to all kinds of customer needs from ULIPs to Child plans, from group insurance to health insurance. Bajaj Allianz General Insurance has developed general insurance solutionsthat cover a wide range of needs, from health insurance, to motor insurance, to home and travel insurance, and more.


The Allianz Group is a global financial services provider with services predominantly in the insurance and asset management business. 88 million retail and corporate clients in more than 70 countries rely on our knowledge, global presence, financial strength and solidity. In fiscal year 2017 over 140,000 employees worldwide achieved total revenues of 126.1 billion euros and an operating profit of 11.1 billion euros. Allianz SE, the parent company, is headquartered in Munich, Germany.

Associated Companies

The Board Members

Sr. No Name of Director Role/Designation
1 Mr. Sanjiv Bajaj Chairman
2 Mrs. Ritu Arora Director
3 Mr. Sanjay Asher Independent Director
4 Mr. Niraj Bajaj Director
5 Mr. Rahul Bajaj Director
6 Mr. Sergio Balbinot Director
7 Mr. M. Damodaran Director
8 Mr. Ranjit Gupta Director
9 Mr. Suraj Mehta Independent Director
10 Mr. Nanoo Pamnani Independent Director
11 Mrs. Lila Poonawalla Independent Director
12 Mr. Avais Karmali Alternate Director for Mr. Sergio Balbinot
13 Mr. Tarun Chugh Managing Director & Chief Executive Officer

Key Management PersonsPursuant to Corporate Governance Guidelines of IRDAI

  • Mr. Tarun Chugh

    Mr. Tarun Chugh

    Managing Director and Chief Executive Officer


    Mr. Tarun Chugh

    Tarun Chugh is the MD & CEO at Bajaj Allianz Life Insurance. He joined the company in April 2017. A seasoned industry veteran, he has over 22 years experience in financial services space, including over twelve and a half years experience in the Indian Life insurance sector.

    Tarun is a familiar figure in the Indian life insurance sector, having headed general management and strategic roles as Managing Director and Chief Executive Officer of PNB Metlife India Life Insurance Company in February 2014. Tarun has also handled various responsibilities in sales, distribution, branch operations and marketing in ICICI Prudential Life Insurance.

    Tarun passed out as an engineer from IIT Delhi and completed his Post graduation in management from IIM, Lucknow in 1994.

  • Mr. Ramandeep Sahni

    Mr. Ramandeep Sahni

    Chief Financial Officer


    Mr. Ramandeep Sahni

    Ramandeep Singh Sahni is the CFO of Bajaj Allianz Life Insurance Company Limited. Ramandeep has been associated with Bajaj Allianz Life since August 2014 handling responsibilities of Finance, Business Process Re-engineering, Infrastructure and Administration.

    Ramandeep carries with him significant experience in life insurance, having worked in the Indian Life Insurance space for over 12 years before joining Bajaj Allianz Life. In his prior roles he has held senior finance positions at one of the leading private life insurers in India having experience in almost all facets of Finance including Business strategy formulation & execution, Business & Financial planning & forecasting, MIS and Business Analytics, Financial Accounting, Treasury, Investments Operations and Compliance, Controls relating to Financial Reporting, Payables, Sourcing (Procurement) and Internal Audit.

    Prior to joining the Insurance industry Ramandeep has worked with one of the big four audit firms and has also experienced running his family business.

    Ramandeep is an Chartered Accountant and a Bachelor of Commerce by qualification. He is also been a Certified Information Systems Auditor.

  • Mr. Sampath Reddy

    Mr. Sampath Reddy

    Chief Investment Officer


    Mr. Sampath Reddy

    Sampath Reddy is the Chief Investment Officer at Bajaj Allianz Life Insurance. He has been associated with the organization since August 2007, and has been managing funds for the firm since then.

    Prior to Bajaj Allianz, Sampath worked for nearly 10 years as a Fund Manager and Analyst with Principal PNB Asset Management, Hedge Fund - Voyager, HSBC Securities & Capital Markets and ABN Amro Asia Equities.

    Sampath holds a degree in engineering from College of Engineering, Hyderabad, and MBA from ICFAI Business School, Hyderabad. He is also a CFA charter holder from the CFA Institute, USA.

  • Mr. Anil P.M.

    Mr. Anil P.M.

    Head - Legal & Compliance and Chief Compliance Officer


    Mr. Anil P.M.

    Anil is currently heading the Legal & Compliance function for Bajaj Allianz Life Insurance Co. Ltd.

    He has been associated with the Company since February 2017. Anil is a seasoned legal & compliance leader with around twenty years of rich experience having substantive exposure & expertise in most areas of laws, regulations, statutes, corporate governance, trademarks, service marks, intellectual property rights & more.

  • Mr. Rajesh Shanoy

    Mr. Rajesh Shanoy

    Company Secretary


    Mr. Rajesh Shanoy

    Rajesh Shanoy is the Company Secretary at Bajaj Allianz Life Insurance. He joined the organisation in April 2017. Prior to joining this Company he has worked with Bajaj Finance Limited for more than 5 years.

    Rajesh has more than 15 years' experience in handling matters related to SEBI and corporate laws, company secretarial, legal, financial, cost and management accounting. He has also worked with leading listed companies in directional media and manufacturing space.

    Rajesh is a Commerce Graduate, Company Secretary and Cost Accountant by qualifications.

  • Mr. Avdhesh Gupta

    Mr. Avdhesh Gupta

    Appointed Actuary


    Mr. Avdhesh Gupta

    Avdhesh Gupta is the Appointed Actuary at Bajaj Allianz Life Insurance. He joined the company in June 2019 and is responsible for Actuarial Valuations, Shareholder Reporting, Product Pricing and Financial Risk. 

    Avdhesh brings with him over 12 years of experience in the actuarial domain. Prior to joining Bajaj Allianz Life, Avdhesh worked with PricewaterhouseCoopers as the Principal Consultant in actuarial services. In his earlier stints, he has led multiple roles at Aegon Life Insurance Company, SwissRe and HSBC. 

    Avdhesh is a Fellow of the Institute of Actuaries of India (FIAI) and Institute & Faculty of Actuaries, UK (FIA). He completed his MSc in Actuarial Management from Cass Business School, London.

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Bajaj Allianz Life Insurance Company Ltd.

Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra

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