Template:Infobox company Bajaj Life Insurance (formerly known as Bajaj Allianz Life Insurance Company Limited) is an Indian life insurance company headquartered at Pune, Maharashtra.[1][2]
The company is 100% owned by the Bajaj Group, an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926.[3][4]
History
Bajaj Life Insurance was incorporated on 12 March 2001 under the Companies Act, 1956, after the liberalization of the 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.[5]
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.[6]
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.[7][8]
Footnotes
- Evaluating the Growth and Performance of Bajaj Allianz Life Insurance Company Ltd since Privatization
- Bajaj Allianz Life’s Premium Growth and Market Expansion: A Strategic Analysis
References
- ↑ From Bajaj Allianz Life to Bajaj Life Insurance – Evolving for India's Financial Future. Hindustan Times(9 October 2025).
- ↑ Bajaj Group get CCI's nod to acquire Allianz's 26 pc stake in insurance JVs for Rs 24,180 cr. The Economic Times(21 May 2025).
- ↑ Bajaj Finserv rebrands insurance arms after Allianz exit. The Times of India(8 October 2025).
- ↑ Bajaj group pays Allianz Rs 21,390 crore for buying back 23% stakes in insurance JVs. The New Indian Express(8 January 2026).
- ↑ Evaluating the Growth and Performance of Bajaj Allianz Life Insurance Company Ltd since Privatization. www.internationaljournalssrg.org.
- ↑ Bajaj to acquire Allianz's 26% stake in life, general insurance JVs for ₹24,000 cr. The Hindu(18 March 2025).
- ↑ Bajaj Group completes 23% stake acquisition in its insurance units from Allianz. The Economic Times(8 January 2026).
- ↑ Bajaj deal with Allianz values insurance arms at Rs 93000 crore. The Times of India(8 January 2026).