Bajaj Allianz clocks Rs 10,000 cr premium

MUMBAI: Country's leading private life insurer, Bajaj Allianz Life Insurance company has crossed Rs 10,000 crore premium mark and 40 lakh policies since start of operations in October 2001.

"We have been the fastest to sell over 40 lakh policies amongst the private sector," Bajaj Allianz Chief Executive Officer Sam Ghosh said.

He said, "In this period we have received over Rs 10,000 crore in premiums (USD 2.5 billion)."

Bajaj Allianz was the most profitable private sector life insurance company in FY 2006-07 with a profit of Rs 63 crore, a company release said here today.

The company has a pan India presence and over 900 plus offices.

Currently Bajaj Allianz has a product portfolio of over 30 flexible and simple products and more need-based products are in the pipeline, the release added.