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About Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Life is one of the leading private life insurance companies in India. The Company is a partnership between two powerful and successful entities in their own right – Bajaj Finserv Limited, one of India’s most diversified non-banking financial institution and Allianz SE, one of world’s leading asset manager and insurer.

Commencing its operations in 2001, Bajaj Allianz Life has in less than two decades expanded its presence across the country. It serves millions of customers through its 509 branches, 1,16,000+ agents (as on 31 December 2021), and comprehensive set of trusted partners and via its online sales channel. The Company’s brand promise of Life Goals Done drives it to launch innovative insurance solutions, including the revolutionary RoMC (Return of Mortality Charges), a feature in some of its new-age ULIPs, and thereby becoming the first company to do so. Bajaj Allianz Life has constantly transformed to offer tech-enabled state-of-the-art services to enhance customer delight. The Company continues to engage with customers through several unique platforms, and has secured a place in the Guinness Book of World Records with the Bajaj Allianz Life Plankathon 2020.

Vision & Culture

Mission 2022

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. Niraj Bajaj Director
4 Mr. Sergio Balbinot Director
5 Mr. Meleveetil Damodaran Director
6 Mr. Ranjit Gupta Director
7 Mr. Suraj Mehta Independent Director
8 Mrs. Lila Poonawalla Independent Director
9 Mr. Anami Roy Independent Director
10 Mr. Shashi Kant Sharma Independent Director
11 Mr. S Sreenivasan Director
12 Mr. Avais Karmali Alternate Director for Mr. Sergio Balbinot
13 Mr. Tarun Chugh Managing Director Chief Executive Officer

Brief profile of the Directors is available in Corporate Governance report which is part of the Annual Report of the Company.

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. Bharat Kalsi

    Mr. Bharat Kalsi

    Chief Financial Officer


    Mr. Bharat Kalsi

    Bharat Kalsi is the Chief Financial Officer at Bajaj Allianz Life. He joined the Company in October 2019 and is responsible for all the aspects of Finance, Infrastructure and Administration.

    Bharat brings with him over 20 years of experience across the BFSI and technology sectors, having led Finance & Accounts, Business Planning, FP&A, Corporate Strategy, Treasury and Investor Relations functions as a financial expert, and an astute numbers-driver leader.

    Prior to joining Bajaj Allianz Life, Bharat was with Tata AIA Life Insurance as the Chief Strategy Officer, responsible for their Corporate Strategy, M&A, Distribution Commercials, Business Analytics, BIU & Marketing functions. In his earlier stints Bharat has worked with Max Life Insurance, Canara HSBC OBC Life Insurance, Aviva Life Insurance and the HCL Group.

    Bharat is a Certified Public Accountant (CPA) from US, and a Chartered Financial Analyst (CFA) from ICFAI. He holds a MBA degree in Finance from Institute of Management Technology Ghaziabad.

  • 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. 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. 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.

  • Mr. Farid Valani

    Mr. Farid Valani

    Chief Risk Officer


    Mr. Farid Valani

    Farid Valani is the Chief Risk Officer at Bajaj Allianz Life Insurance. He joined the Company in December 2008 and has led multiple roles in the Actuarial domain. In his present role, Farid is responsible for the risk management function of the Company.
    With over 15 years of experience in the life insurance sector, Farid has had a diverse exposure in managing Statutory Valuation, Regulatory and Shareholder Reporting, providing him with an in-depth understanding of the financial risks of a life insurance company.
    Farid completed his Masters in Actuarial Science from University of Kent, Canterbury, United Kingdom.

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Contact Us

Bajaj Allianz Life Insurance Company Ltd.

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

Tel No: 020-66026773

Fax No: 020-66026789

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Monday to Friday - 9:00 AM to 3:30 PM

Saturday - 9:00 AM to 1:00 PM

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