Good Info from -
http://ibef.org/artdisplay.aspx?cat_id=465&art_id=6801
Allianz is one of the leading providers of insurance and asset management products and services worldwide. The companies that make up Allianz Group have presence in property and casualty insurance, life and health insurance, asset management and banking. Founded in 1890 in Berlin, Allianz is now present in over 70 countries, employs about 174,000 and has over 60 million customers. In 2003, the Allianz Group was ranked 11th in the Fortune 500 list and had worldwide revenues of USD 114.9 billion.
An Allianz group company, Allianz Aktiengesellschaft Holding set up its liaison office in India in 1996.3 In India, Allianz is currently present in Life and General Insurance.
Bajaj Allianz Life Insurance Co. Ltd. (BALICL) Bajaj Allianz General Insurance Co. Ltd. (BAGICL) are 26:74 joint ventures between two leading conglomerates - Allianz AG, one of the world’s largest insurance companies, and Bajaj Auto, one of the largest two and three wheeler manufacturers in the world.
BAGICL received the Insurance Regulatory and Development Authority (IRDA: the Indian insurance regulator) approval in May 2001 to conduct General Insurance business (including Health Insurance business) in India. Bajaj Allianz General Insurance offers products in all areas of general and health insurance and risk management. Within its first year of operations itself, the company had acquired the No. 1 status among the private non-life insurers. In the financial year 2003-04, BAGICL maintained its leadership position among private non-life insurers by garnering a premium income of USD 104.4 million. The company employs about 480 people and has 38 offices spread across the country.
BALICL received IRDA approval in August 2001 to conduct Life Insurance business in India. It is one of the fastest growing private sector life insurers in the country. The company has customer care centres in 155 cities. Currently the company has a product portfolio of 18 products and more are in the pipeline.
Linear Mode
