Chandigarh 12th July:- Bajaj Allianz Life Insurance, one of India’s leading private life insurers, achieved a milestone by registering 156% growth in New Business Premium in Punjab region in FY18-19 over the corresponding period last year. The company recorded new business premium of Rs. 130 crore in FY18-19 as compared to Rs. 51 crore in FY17-18.
Over the year, the Company also saw a 15% increase in the total number of policies sold in Punjab, to 6,126 in FY18-19 from 5,312 in FY17-18. The insurance company covered 28,375 numbers of lives in the region in FY18-19.
Commenting on the growth achieved by the company in the region, Tarun Chugh MD & CEO, Bajaj Allianz Life Insurance, said that 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. He further added that our focus on delivering customer delight, with innovative products and services enabled us 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. 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.