Bajaj Allianz Life Insurance Company has registered a 47 per cent growth in new business premium in Karnataka in Q1 FY18-19 over the corresponding period of last fiscal.
The company’s total number of policies in the region stood at 2,097, registering a 47 per cent growth when compared to 1,425 in Q1 FY17-18.
Commenting on performance, Tarun Chugh, MD and CEO, Bajaj Allianz Life, said: “Karnataka is a key market for us, and through innovative products and customer-friendly technology, we will continue to offer life insurance solutions for our customers to help them achieve their life goals. We are continuously investing in our outreach programmes to help us reach new customer segments, as well as to further delight our existing partners and customers.”
New products
To ensure that each customer’s life goals are met, Bajaj Allianz Life launched value-packed investment insurance solutions, Bajaj Allianz Life Goal Assure and Bajaj Allianz Life Goal Based Savings. Bajaj Allianz Life Goal Assure is a life goal-based investment plan (ULIP) which provides the customer with a choice of eight funds, four investment strategies, return of mortality charges on policy maturity, tax-free returns on investment and life cover, making it one of the best investment solutions.