Draft:Bajaj Life Insurance
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Bajaj Life Insurance, (formerly known as Bajaj Allianz Life Insurance Company Limited), is an Indian life insurance company headquartered at Pune, Maharashtra.[4][5]
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| Company type | Private |
|---|---|
| Bajaj Life Insurance Company Ltd. | |
| Industry | Financial services |
| Founded | 12 March 2001 |
| Headquarters | Pune, India |
Key people | Tarun Chugh (MD & CEO) |
| Products | Term life insurance ULIP Pension plan Whole life insurance Endowment policy |
Number of employees | 28,000 |
| Parent | Bajaj Group |
| Website | www |
| Footnotes / references [1], [2], [3] | |
The company is 100% owned by the Bajaj Group – an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926.[6][7]
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 3rd August 2001. It is a joint venture between Bajaj Finserv Ltd. owned by the Bajaj Group and Allianz SE, a German Financial services company.[8]
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.[9]
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.[10][11]