Bajaj Allianz infuses Rs 70.8 crores for aggressive growth

Kolkata, Dec 09 (UNI) Bajaj Allianze Life Insurance Company, one of largest private sector life insurances, received a fresh capital infusion of Rs 70.8 crores to continue this high impact growth and quality service across the country.

The infusion has taken its total capital to Rs 570 crore.

With its own offices in more than 900 towns it has managed to sustain its growth pattern by making available insurance services in every nook and corner of India for all class of customers, a company release said.

Bajaj Allianz Life has already crossed US $ 1 billion (Rs 5000 cr) of new business in the 5 years of it's operations and over 1.9 million policies already sold.

According to Mr Sam Ghosh, Country Manager, Allianz and chief Executive Officer they were confident of doing new business of US $ 1 billion in this financial year.

Its current tie-up with Godrej Aadhaar rural Malls, district and rural co-op banks and seven Regional Rural Banks of Syndicate Bank had made Bajaj Allianz Life insurance's products available in over 1200 branches in the rural areas.

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