Bajaj Allianz Life Insurance Company has recorded a fall of 30% in fresh premium collection in first quarter of FY 2009-10.
The insurer’s new premium collection stood at Rs 577.66 core at the end of the June quarter, as against Rs 829.24 crore in corresponding period of the last year.
Overall, 21 private sector life insurers have collected first premium of Rs 5,427.67 crore in the first quarter of FY’10 against Rs 6,795.64 crore during the same period last year, a dip of 20% as per the data on performance of the insurance companies released by Insurance Regulatory and Development Authority (IRDA).
Bajaj Allianz Life Insurance is a union between Allianz SE, one of the largest Insurance company and Bajaj Finserv. Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion (Over INR. 55, 00,000 Crores). Allianz SE has over 115 years of financial experience and is present in over 70 countries around the world. On the other hand Bajaj FinServ is part of Bajaj Group and is into offering financial services and wind energy businesses
We humbly requst you sir, we have taken two centurary policy for Rs50000 each 25000 at Dindigul Bajaj AllianzeLife Insurance in Tamilnadu. Our policy term for 5 years. our poicy term is going to near close. the company refused to give fully refund of your money is being said. since your policy is not yet growth. we donot want growth amount. only we wish to refund of our policy amount.our policy No0090965010 and 0090965818. our Name is c.Saraswathy and c.Punitha.