Bajaj Allianz Life Insurance to continue its focus in Punjab
Author(s): City Air NewsAims to offer more value-packed offerings to its customers Chandigarh, July 12, 2019: Bajaj Allianz Life Insurance has achieved a milestone by registering 156% growth in New Business Premium in Punjab region in...
Aims to offer more value-packed offerings to its customers
Chandigarh, July 12, 2019: Bajaj Allianz Life Insurance has achieved a milestone by registering 156% growth in New Business Premium in Punjab region in FY 2018-19 over the corresponding period last year.
The company has recorded new business premium worth Rs.130 crore in FY18-19 as compared to Rs. 51 crore in FY 2017-18.
Also, over the year, the Company has witnessed a 15% increase in the total number of policies sold in Punjab, to 6,126 in FY18-19 from 5,312 in FY17-18.
It may be mentioned here that the insurance company has covered 28,375 lives in the region in FY18-19.
Commenting on the growth achieved by the company in the region, Tarun Chugh MD and CEO, Bajaj Allianz Life Insurance, said, “Our growth in the region reinforces the faith our customers have reposed on us. This year we crossed several key milestones in our journey towards becoming India’s life goal enablers.”
Further, Tarun Chugh their focus on delivering customer delight, with innovative products and services enabled them to set new trends and benchmarks in the industry.
“Our multi-pronged approach on distribution has enabled us to reach many more Indians, this year”, he said, adding, “We’ll continue our focus in Punjab and aim to offer more value-packed offerings to our customers to get their life goals done, with us.”