Naveed Aslam at 18:38, 6 May 2026

2026-05-06T18:38:01Z

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{{Infobox company
| name = Bajaj Life Insurance Limited
| logo =
| type = Private
| traded_as = Bajaj Life Insurance Company Ltd.
| slogan =
| foundation = {{start date and age|df=y|2001|03|12}}
| founder =
| location = [[Pune]], [[India]]
| industry = [[Financial services]]
| key_people = Tarun Chugh (MD & CEO)
| owner =
| num_employees = 28,000
| products =
| services =
| revenue =
| operating_income =
| net_income =
| homepage = {{URL|https://www.bajajlifeinsurance.com}}
| parent = [[Bajaj Group]]
| subsid =
| footnotes= <ref>{{cite web |title=A STUDY ON CUSTOMER RELATIONSHIP MANAGEMENT AT BAJAJ ALLIANZ LIFE INSURANCE COMPANY |url=https://ijesat.com/ijesat/files/V25I6064_1750407156.pdf |website=Ijesat.com}}</ref>, <ref>{{cite web |title=Analysis of Life Insurance Industry in India |url=https://www.canarahsbclife.com/content/dam/chli/pdfs/investor-relations/industry-report.pdf |website=Canarahsbclife.com |publisher=[[Canara HSBC Life Insurance]]}}</ref>, <ref>{{cite web |title=A STUDY ON WORKING CAPITAL MANAGEMENT PRACTICES OF BAJAJ ALLIANZ LIFE INSURANCE CO., LTD, VIJAYAWADA |url=https://www.ijprems.com/uploadedfiles/paper/issue_12_december_2024/37619/final/fin_ijprems1733584393.pdf |website=Ijprems.com}}</ref>
}}
'''Bajaj Life Insurance''' (formerly known as '''Bajaj Allianz Life Insurance Company Limited''') is an Indian [[Life insurance in India|life insurance]] company headquartered at [[Pune]], Maharashtra.<ref>{{cite web |title=From Bajaj Allianz Life to Bajaj Life Insurance – Evolving for India's Financial Future |url=https://www.hindustantimes.com/genesis/from-bajaj-allianz-life-to-bajaj-life-insurance-evolving-for-india-s-financial-future-101760002236770.html |website=Hindustan Times |language=en |date=9 October 2025}}</ref><ref>{{cite web |title=Bajaj Group get CCI's nod to acquire Allianz's 26 pc stake in insurance JVs for Rs 24,180 cr |url=https://economictimes.indiatimes.com/industry/banking/finance/insure/bajaj-group-get-ccis-nod-to-acquire-allianzs-26-pc-stake-in-insurance-jvs-for-rs-24180-cr/articleshow/121296443.cms |website=The Economic Times |date=21 May 2025}}</ref>

The company is 100% owned by the [[Bajaj Group]], an Indian multinational conglomerate founded by [[Jamnalal Bajaj]] in Mumbai in 1926.<ref>{{cite web |title=Bajaj Finserv rebrands insurance arms after Allianz exit |url=https://timesofindia.indiatimes.com/business/india-business/bajaj-finserv-rebrands-insurance-arms-after-allianz-exit/articleshow/124377747.cms |website=The Times of India |date=8 October 2025}}</ref><ref>{{cite web |last1=Kochuveedan |first1=Benn |title=Bajaj group pays Allianz Rs 21,390 crore for buying back 23% stakes in insurance JVs |url=https://www.newindianexpress.com/business/2026/Jan/08/bajaj-group-pays-allianz-rs-21390-crore-for-buying-back-23-stakes-in-insurance-jvs |website=The New Indian Express |language=en |date=8 January 2026}}</ref>

==History==
Bajaj Life Insurance was incorporated on 12 March 2001 under the [[Companies Act, 1956]], after the liberalization of the [[Insurance in India|insurance sector in India]]. It obtained a license from the [[Insurance Regulatory and Development Authority]] for carrying on the business of life insurance on 3 August 2001. It is a joint venture between Bajaj Finserv Ltd. owned by the [[Bajaj Group]] and [[Allianz SE]], a German financial services company.<ref>{{cite web |title=Evaluating the Growth and Performance of Bajaj Allianz Life Insurance Company Ltd since Privatization |url=https://www.internationaljournalssrg.org/IJEMS/2017/Volume4-Issue4/IJEMS-V4I4P106.pdf |website=www.internationaljournalssrg.org}}</ref>

In March 2025, [[Bajaj Finserv]] announced plans to acquire Allianz SE's 26% stake in the insurance joint ventures for approximately ₹24,180 crore, marking a significant shift in ownership.<ref>{{cite web |last1=Kumar |first1=N. Ravi |title=Bajaj to acquire Allianz's 26% stake in life, general insurance JVs for ₹24,000 cr |url=https://www.thehindu.com/business/bajaj-to-acquire-allianzs-26-stake-in-life-general-insurance-jvs-for-24000-cr/article69342881.ece |website=The Hindu |language=en-IN |date=18 March 2025}}</ref>

In January 2026, Bajaj Finserv and its promoter group completed the acquisition of a 23% stake from Allianz, increasing their combined ownership to about 97% and effectively ending the 24-year joint venture.<ref>{{cite news |title=Bajaj Group completes 23% stake acquisition in its insurance units from Allianz |url=https://economictimes.indiatimes.com/markets/stocks/news/bajaj-group-completes-23-stake-acquisition-in-its-insurance-units-from-allianz/articleshow/126416620.cms |work=The Economic Times |date=8 January 2026}}</ref><ref>{{cite web |title=Bajaj deal with Allianz values insurance arms at Rs 93000 crore |url=https://timesofindia.indiatimes.com/business/india-business/bajaj-deal-with-allianz-values-insurance-arms-at-rs-93000-crore/articleshow/126417636.cms |website=The Times of India |date=8 January 2026}}</ref>

==Footnotes==
*[https://www.internationaljournalssrg.org/IJEMS/2017/Volume4-Issue4/IJEMS-V4I4P106.pdf Evaluating the Growth and Performance of Bajaj Allianz Life Insurance Company Ltd since Privatization]
*[https://www.reportlinker.com/article/8938 Bajaj Allianz Life’s Premium Growth and Market Expansion: A Strategic Analysis]

==References==
{{reflist}}

{{Bajaj Group}}
{{Insurance in India}}

[[Category:General insurance companies of India]]
[[Category:Bajaj Group]]
[[Category:Multinational joint-venture companies]]
[[Category:Financial services companies based in Pune]]
[[Category:2001 establishments in Maharashtra]]
[[Category:Indian companies established in 2001]]
[[Category:Financial services companies established in 2001]]

Bajaj Life Insurance - Revision history

Naveed Aslam at 18:38, 6 May 2026