Bajaj Allianz earns Rs 63 crore profit

Nashik, May 13: Insurance company Bajaj Allianz has earned Rs 63 crore profit in the fiscal 2006-2007.

The company has also topped in number of policies by distributing 20 lakh policies this fiscal. It has achieved Rs 4,270 crore premium, out of which 70 per cent is regular premium, said Hemant Kulkarni, Area Manager, Nashik Road today here.

A joint-venture of Bajaj Auto and Allianz AG of Germany, the company has operations in India since last three years. Bajaj Allianz has 2,13,00 insurance consultants spread across 840 cities, said Mr Kulkarni here.

The company will strive for achieving even growth in the near future and for this it will appoint more sales managers and agents Mr Kulkarni added.

UNI