Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a reputation of expertise, stability and strength. Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct various businesses (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.As on 31st March 2015 Bajaj Allianz maintained its premier position in the industry by achieving growth as well as profitability. Bajaj Allianz has made a profit before tax of Rs. 777 crores and has become the only private insurer to cross the Rs.100 crore mark in profit before tax in the last two years. The profit after tax was Rs.562 crores, 39% higher than the previous year.
In November 2014, the company was awarded the Best General Insurance Company of the Year, by Asia Insurance Industry Awards 2014, for its outstanding customer service levels, the innovations in the field of insurance and the sound financial management which has led to continuous profitability over the years. The company has also won the award for "Best Insurance Company in the Private Sector - General" by ABP News - Banking, Financial Services & Insurance Awards in 2014. The MD and CEO of Bajaj Allianz General Insurance, Mr Tapan Singhel, has been honored the “Visionary of India” at the Brand Vision India 2020 Summit and Awards 2014-15. Whether you’re an optimist, a pessimist or a realist, there is no denying that life favours the prepared. With tailored solutions that offer continuity and assurance, Bajaj Allianz helps you be, do and have anything you aspire to, without undue stress or worry!
Bajaj Allianz today has a countrywide network connected through the latest technology for quick communication and response in over 200 towns spread across the length and breadth of the country. From Surat to Siliguri and Jammu to Thiruvananthapuram, all the offices are interconnected with the Head Office at Pune. They aim to provide simple and effective products that give you better value for money and provide flexible coverage suited to your needs. Their mission is to enrich your life by letting your explore and experience its fullest potential. While the potential for risk and loss always exists, their products help you quickly regain balance and continuity in unfortunate situations.
Trawex has announced the availability of Bajaj Allianz, leading insurance company, which helps travel business to provide insurance service to their clients through the technology platform. In addition to the products and turn-key solutions, Trawex offers XML/API integration services to travel business who possess their own Booking Engines/using third party application and hence Trawex’s expertise of XML/API integration with insurance company Bajaj Allianz can be used by those agencies as well. As part of it’s services offering, Trawex provides API/XML integration services to customers including but not limited to travel business, technology companies, OTAs etc. who have their own hotel booking engine, flight booking engine, car booking etc.