Claim Settlement Ratio of 99.23%~

Bajaj Allianz Life Group Sampoorna Suraksha Kavach

A Traditional Micro Group Life Insurance Plan

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You have helped many of your customers financially by providing them with loans for various life needs. However, no one has control over the uncertainties of life. Have you given a thought as to, what if something unfortunate were to happen to any member of your group? On the one hand, you would want to safeguard the outstanding loan amount and on the other, you would also want to help their family in such a difficult time. To deal with your concern, Bajaj Allianz Life Insurance offers you ' Bajaj Allianz Life Group Sampoorna Suraksha Kavach ', which not only provides the members of your group with a life insurance plan but also adequately covers their outstanding loan amount so that yours as well as their families' financial interests are looked after in case of any unfortunate event. A one stop product for all Micro Lending!! 

Bajaj Allianz Life Group Sampoorna Suraksha Kavach is a life, non-participating single, limited and regular premium payment group pure risk micro insurance plan. This plan is intended to cover various types of micro loans given by Financial Institutions, Small Finance Banks, Micro Finance Institutions etc., to their customers.

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Why Bajaj Allianz Life Insurance ?

99.23%
Claim Settlement Ratio of 99.23%~
1 Day
1 Day Claim Approval%
AAA Rating
AAA; Stable Rating by CARE$
₹1,09,829Cr
Assets Under Management (AUM)**
4.19 Cr
Number of Lives Covered#
432%
Solvency Ratio^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2023-2024 | %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices. | $For details refer to press release published by CARE | **All figures as on 31 March, 2024 | ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%. | #Individual & Group.

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