Claim Settlement Ratio of 99.02%~


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About Us - Your Life Goals Enabler

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About Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Life Insurance Co. Ltd., one of India’s leading private life insurers, is a joint venture between Bajaj Finserv Limited, one of the most diversified non-banking financial institutions in India, and Allianz SE, one of world’s leading global insurer and asset manager. We began operations in August 2001 from our headquarters in Pune, Maharashtra (India).

With a focus on getting Life Goals DONE. Bajaj Allianz Life is committed to offer value-packed and innovative products, which are simple to understand and purchase. They are designed to meet long-term life goals of customers, ranging from protection, wealth creation to retirement solutions and more. These are backed by a suite of tech-enabled services and service touchpoints to ensure we are always available for our customers to manage their Life Goals with us.

To ensure enhanced customer engagement, we have built an extensive distribution network across the country. With 509 branches, over 1,13,500 agents (as on 31 October, 2022) , along with several partnerships with key banks, including AXIS, Bandhan, IDFC First amongst others, and a large network of Corporate Agents, we are present where our customers are. Our digital eco-system is also built and strengthened over time to ensure we are available, literally, on the palms of our customers.

With innovation and customer-centricity as our guiding values, we have transformed to being one of the fastest growing life insurers in India. Today, we are the life goals enablers to over 2.87 crore# individuals and have over Rs. 88,774 crore Assets Under Management (as on 31 October, 2022), with a AAA$ Rating that signifies highest degree of safety regarding timely servicing of financial obligations and Claims Settlement Ratio at 99.02%~ .

Over the last five years, we have disrupted the life insurance industry in several ways, to ensure that our customers enjoy the several benefits their life insurance policy(ies) provide. From introducing first-of-their-kinds product features to innovative services for our customers, ICs and partners alike (e.g. SmartAssist, comprehensive set of services on Whatsapp Business account, QR-code enabled branch services, etc.), several milestones mark our transformation journey this far.

As a brand, Bajaj Allianz Life has also strengthened the trust quotient it enjoys amongst its stakeholders and customers. Our endearing campaigns built on deep customer insights and right marketing analytics have helped build a strong brand recall. We have been recognized thrice for the mega Plankathon event where we broke records for most number of people performing the abdominal plank, simultaneously.

All these achievements have been possible due to the passion of over 14K team members working towards enabling life goals of our customers.

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. S Sreenivasan Director
11 Mr. Anup Wadhawan Independent 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 is a seasoned industry veteran with nearly three decades of experience in the financial services industry, and 20 of those years have been spent in leadership roles within the Indian life insurance sector.

    Over this time Tarun has established himself as a transformational leader, driving tremendous evolution within the companies he’s worked for. His professional mantra is to design turnkey strategies and adopt disruptive initiatives to build sustainable long-term businesses that offer value to all stakeholders. Whether it is turning-around business functions or the whole organisation towards profitability, Tarun is a strong believer of delivering through teams that are engaged, think innovation, leverage new-age technology and are driven to offer customer delight. He is also known for his strategic orientation, and the long-term, in-depth relationships he’s built across stakeholder groups.

    In addition to his role at Bajaj Allianz Life, Tarun is also appointed as the Member of the Governing Council of Insurance Information Bureau of India, and serves as a Member of the Distribution Committee of Insurance Regulatory & Development Authority (IRDA). He is a Board of Governor Member of IIM Sambalpur and on the Advisory Board of Christ Lavasa. He is the ex-Elected Member of the Executive Committee of Life Council of India.

    Tarun’s past professional roles include MD & CEO of PNB Metlife and the Chief Distribution Officer at ICICI Prudential Life. He also spent over a decade as an Investment Banker.

    An alumnus of IIT Delhi and an MBA graduate from IIM, Lucknow, Tarun is an avid reader and now also consumes knowledge through pod-casts and videos. He’s a self-proclaimed new-tech enthusiast and tries to keep himself updated with all that’s new primarily for the organisation he works with. His wife, Simran, and his sons actively engage with several causes around them, including working with Poona School and Home for the Blind, RK Mission and more.

  • 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 heads the Finance & Accounts, Products and Company Secretarial functions in the Company.

    Bharat brings with him twenty-three years of experience across the BFSI and IT sector, he has led Finance & Accounts, Business & Financial Planning, M&A, Corporate Strategy, Investments & Treasury, Investor Relations and Product Management functions as a financial expert, and an astute business driven 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, Business Development & Commercials, Analytics & Business Intelligence Unit, Marketing & Corporate Communication functions. In his earlier stints Bharat has worked with Max Life Insurance as Head of FP&A & Investor Relations, 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 also holds MBA in Finance from Institute of Management Technology (IMT).

  • Mr. Anil P.M.

    Mr. Anil P.M.

    Head - Legal & Compliance and Chief Compliance Officer


    Mr. Anil P.M.

    Anil is a qualified lawyer with over 24 years of legal experience, majority of which has been as in-house counsel with corporates in the insurance sector.

    In his current role, Anil is responsible for providing strategic advice and opinions on legal, compliance, and business issues. The role also focusses on ensuring the Company’s compliance with applicable laws, managing regulatory audits and inspections, and prevention and mitigation of fraud. Anil also plays a critical role of representing the organisation during regulations development for the positive growth of the sector. He continues to be a part of various IRDAI and Life Council Committees in his current role.

    Anil has also worked with other leading life insurers including PNB MetLife India and Aviva Life Insurance. Apart from life insurance, he has worked with Quark Media House and BEA Systems Pvt. Ltd. Before switching to corporates, Anil was practicing law before the Madras High Court, and had brief stints with a law firm and a telecom company in the USA.

    Anil has completed his Bachelor’s in law from the Dr. Ambedkar Government Law College, Chennai, and his Master’s degree in law from the University of Minnesota, Minneapolis, USA. He’s married to Devi and has two children – Tara and Akshay. He is an avid off-road enthusiast and loves travelling.

  • Mr. Sampath Reddy

    Mr. Sampath Reddy

    Chief Investment Officer


    Mr. Sampath Reddy

    Sampath Reddy is the key force behind Bajaj Allianz Life Insurance’s fund performance that has helped strengthen customers’ trust in the brand. With over a decade and a half in the organization, Sampath has leveraged his acute sense of fund management to enable customers achieve their life goals by investing in the company’s products.

    Sampath leads a strong team of fund managers who have their fingers on the pulse of the Indian stock market, and who have been trained to develop long term investment strategies. He works closely with the banking and financial services fraternity in India. Prior to Bajaj Allianz Life Insurance, Sampath worked for nearly a decade as a Fund Manager with Principal PNB Asset Management, Hedge Fund - Voyager, HSBC Securities & Capital Markets and ABN Amro Asia Equities.

    Sampath holds a degree in Engineering and an MBA. He is also a CFA Charter Holder from the CFA Institute, USA.

  • Mr. Rajesh Shanoy

    Mr. Rajesh Shanoy

    Company Secretary


    Mr. Rajesh Shanoy

    Rajesh has more than two decades of 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 before moving to the BFSI sector.

    Rajesh joined Bajaj Allianz Life in April 2017 as Company Secretary and works closely with the Board, shareholders and the regulators to ensure the highest level of corporate governance in the organisation. He has diverse and rich experience in complex company secretarial, regulatory and corporate matters. His previous stint was with Bajaj Finance Limited, where he worked for more than 5 years.

    Rajesh is a Commerce Graduate, Company Secretary and Cost Accountant by qualifications. He loves travelling, trekking and riding out.

  • Mr. Avdhesh Gupta

    Mr. Avdhesh Gupta

    Appointed Actuary


    Mr. Avdhesh Gupta

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

    A seasoned professional, Avdhesh brings with him over 15 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

Branch Visit Timings:

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

Saturday - 9:00 AM to 1:00 PM

Customer Care Helpline:


Monday to Sunday: 9:00 AM to 7:00 PM (IST)

NRI Services Helpline

24/7 (All week days)

Sales Enquiry Helpline:


Monday to Saturday: 9:00 AM to 7:00 PM (IST)

For NRI: +91-20-35125850 (Call charges apply)

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

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Disclaimer : We take privacy seriously. Bajaj Allianz Life does not share your personal information with any third party. Please read our Privacy Policy here.

##Our policy covers COVID 19 claims subject to policy terms and conditions being met

3Discount is available for regular premium and limited premium payment frequency under all variants of this product.

2Above illustration is considering Male aged 25 years | Non-Smoker | Life Cover Variant | Policy term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | medical rates | Annual Premium Payment Mode | Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.

#Individual & Group

$For details refer to press release published by CARE

~Individual Claims Settlement Ratio for FY 2021-2022