Bajaj Allianz to sell 4.5 million policiesBajaj Allianz Life Insurance to sell 4.5 million policies in the current year and put more than Rs. 500 crore in capital market.
Apnainsurance.com Research Bureau
13 Jun 2008
Bajaj Allianz Life Insurance (BALI) plans to put in Rs. 500 crore in capital markets in 2008 and and sell 4.5 million policies.
Currently, the capital base of BALI is Rs 1,210 crore. The fresh capital will be infused in phases in the subsequent quarters.
A joint-venture between Bajaj Auto and Allianz SE, the company plans to focus on maintaining growth rate with profitability. It will aim at raising its current market share of 8.3 per cent to 10 per cent by 2010.