Introduction of Bajaj Allianz Life Insurance Company

Bajaj Allianz Life Insurance Company Limited is a joint venture between Allianz AG, one of the world's largest Life Insurance companies and Bajaj Auto, one of the biggest 2- &- 3 wheeler manufacturers in the world. Bajaj Allianz is one of the fastest growing private Life Insurance Company in India. This has more than 1,200 branches across country and deals in primarily unit linked, traditional, health, child and pension policies. Bajaj Allianz Life Insurance Co Ltd was incorporated on 12th March 2001. The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration (R3) No 116 on 3rd August 2001 to conduct Life Insurance business in India. Bajaj Allianz Shareholder Capital Base stands at Rs. 500 crore with Bajaj Auto Limited and Allianz AG of Germany holding 74%and 26%stake respectively. It is the largest private player in the Insurance Industry in India with a market share of around34% amongst the private companies and second to LIC. The total market share of Bajaj Allianz as of 31st March 2006 is at 12%.

Page | 1

About Allianz

Allianz (formerly AG, FWB: ALV, NYSE: AZ) is one of the largest financial services providers in the world, headquartered in Munich, Germany. Its core business and focus is insurance. With 92.5 billion of revenue during 2008, Allianz is the second largest international insurance and financial services organization in the world. Allianz has sold Dresdner Bank to Commerzbank, largely for shares in November 2008. As a result of this merger, Allianz gained a 14% controlling stake in the new Commerzbank Group. Allianz Global Investors ranks as a top-five global active investment manager, having 1443 billion of assets under management (AuM), of which 1131 billion are third-party assets (as of 2010-09-30), with specialized asset managers such as PIMCO (Bond fund), RCM(Equity fund), AAAm(Fund of Hedge fund), Degi(Real estate fund), etc. Allianz is now present in more than 70 countries with over 180,000 employees. At the top of the international group is the holding company, Allianz SE, with its head office in Munich. Allianz Group provides its more than 60 million customers worldwide with a comprehensive range of services in the areas of property and casualty insurance, life and health insurance, asset management and banking.

Page | 2

About Bajaj auto

Bajaj Auto Limited is the largest manufacturer of two and threeWheelers in India and also one of the largest manufacturers in the world. Bajaj Auto has been in operation for over 55 years. As a promoter of Bajaj Allianz General Insurance Company Ltd., Bajaj Auto has the Following to offer: y Vast distribution network. y Knowledge of Indian consumers. y Financial strength and stability to support the insurance business.

Page | 3

Bajaj Allianz Life Insurance Products and Plans

1. Individual life insurance.
1.Unit Linked Insurance Plans
Market linked insurance plans invest the premium in to the equity, debt and cash markets by the way of allocating units, which like any other mutual fund have a NAV and the customer is free to switch between one fund class to another depending on the risk factor he wishes to be in. ULIPs offer a better return than the traditional endowment plans and offer a great deal of flexibility along with great returns making them the finest product offering. Bajaj Allianz Life Insurance have developed a number of ULIP products which range from single premium to a regular premium option along with investment funds ranging from index funds to midcap funds and debt market linked funds. In this plan there are two products:

1. Regular Premium:
1. Assured Protection Insurance Plan It is a unique combination of protection and prospects of attractive returns with investments in various mix of assets to make a perfect plan to last you a lifetime of prosperity and happiness. 2. Max Advantage Insurance Plan This is exciting new ULIP product gives you the guarantee to en cash your units at maturity, at the highest unit price achieved by the fund over the 10-year term of your policy.

2. Single Premium:
1. Wealth Insurance Plan - The plan gives you the benefits of paying a single premium, so you dont have to worry about due dates, repetitive paperwork and renewals or continuously make phone calls to your financial advisor.
Page | 4

2. Shield Insurance Plan - This plan also gives you guaranteed unit price at maturity with Shield Plus Fund III.

2.Pension Plans
Bajaj Allianz Life Insurance offer Pension Plans which will make sure that they are there to support you in every stage of your life and your savings today become your wealth and support for your future years to come.

Pension Products:
1. Swarna Vishranti : Is a plan with an option to take a tax-free lump sum up to 33% of Sum Assured + Accrued Bonuses. Open Market option: Purchase immediate annuity from Bajaj Allianz Life Insurance or any other Life Insurance Company. And also additional benefits can be availed of. 2. Pension Guaranteed: Is a plan that assures a regular income after your retirement for life.

3.Traditional Plans
Saving Plans that offer bonus are completely safe and are ideal for long term investments. Bajaj Allianz products offer additional benefits including 4 times life cover at little extra costs, limited premium payment terms and compounded reversionary bonuses. These features make Bajaj Allianz traditional plans excellent long term saving instruments.

Traditional plan products: Endowment Plan

1. Life Time Care : Is a whole life plan, where it helps you financially at the time when your regular income ends. It provides survival benefits at the age of 80. The plan also has additional benefits like Waiver of Premium, Accidental Death Cover & Disability Cover and Critical Illness Cover & Hospital Cash Cover.

Page | 5

2. Super Saver : Is a regular premium endowment plan, which enables the policyholder to save an amount regularly for the future. The plan also has an extra benefit of Guaranteed Additions to the sum assured, at the end of each policy year. 3. Save Care Economy SP : A 10year single premium endowment plan which provides savings with high risk cover. This plan also participates in the companies profits. It is a high risk policy but has easy liquidity and high returns. 4. Invest Gain : This plan offers a combination of benefits that help develop a financial portfolio for your family. At a small extra cost you get 4 times life cover. Also you have an option of limited premium payment.

Money Back Plan

Money back plan which guarantees 5 easy payouts giving up to 125% + bonuses. Also 4 times a life cover. The additional benefits offered are Family Income Benefit Accidental Death Benefit and Disability Benefit. Critical Illness Benefit and Hospital Cash Benefit. 1. Cash Gain Quadruple life cover. Five easy payouts which give up to 125% + bonuses. 2. Child Gain It help you to enjoy the joys of parenthood responsibly, with the comfort of a secure future for your child.

Page | 6

4.Term Plans
The sole objective of Term plans is to serve the protection needs of the customers and by doing so, safeguard one's family from the financial implications of unfortunate circumstances that one cannot foresee. These plans are pure risk cover plans with or without maturity benefit. These pure risk plans cover your life at a nominal cost and you may want to take this plan to cover your outstanding debts like a mortgage, a home loan etc.

1. Term Care : Is a term Assurance plan which provides life cover and return of premiums paid at the time of maturity. It has the option of single premium payment. It is the only pure Term Plan which provides Hospital Cash Benefit. 2. New Risk Care II : Is a plan with regular/single premium payment options. This plan comes with a lowest cost for a Life Insurance cover. With regular premium plan you get additional rider benefits. Also accidental death benefit and accidental permanent total/partial disability benefit. Besides that you can also avail of critical illness benefit and hospital cash benefit. 3. Protector : Is a mortgage reducing term assurance plan. At a low premium amount you can secure your family from the burden of paying the Home Loan in your absence. You get an option of both Regular Premium payment and single premium payment. Also there is an option of Joint life availability, where the co-applicant can also be covered in the plan.

Page | 7

5.Products For women

1. Housewives: Housewives need to safeguard their financial independence. There are additional benefits like the Mahila Gain feature which offers benefits like. Critical Illness Benefits. Reconstructive Surgery Benefits for Breast(s) due to Breast Cancer. Congenital Disability Benefits. Complications of Pregnancy Benefits. 2. Working Women: This plan helps the working women to protect

themselves, their family and plan for their future. The insurance, investment, pension and health products have been specially customized to suite to every specific need of a woman

6.Additional Rider Benefits

Bajaj Allianz offers you the flexibility to enhance your basic insurance policy by attaching additional benefits that give more protection to you and your family. You can choose to take all or some of the additional rider benefits. Bajaj Allianz allows you to redesign your life insurance coverage to suit your needs, providing total protection against many uncertainties. Bajaj Allianz offers the following additional rider benefits:Bajaj Allianz Family Income Benefit. Bajaj Allianz Comprehensive Accident Protection Benefit. Bajaj Allianz Supplementary Death Benefit. Bajaj Allianz Critical Illness Benefit. Bajaj Allianz Hospital Cash Benefit.

y y y y y

Page | 8

2.Group Life Insurance

One of the best ways for to increase group cohesiveness is to make your group members feel cared for. Bajaj Allianz group life insurance plans for your group members, employees and their families show them that their organization cares not only for them but also their families. At Bajaj Allianz Life Insurance they offer customized insurance plans, which safeguard your employees' interests and show your commitment towards them. Bajaj Allianz Life Insurance Group Plans offer:1. Financial stability to employees or group members 2. Ease of operations and fund management. Non Employer Employee plans1. Group Income Protection. 2. Group Loan Protector. 3. Group Term Life. 4. Group Term Life. 4. Group Suraksha. 5. Credit shield. 6. Sarve Shakti Suraksha. 7. Group Credit Protection Plus. Employer Employee plans1. Group Annuity 2. Group Save Plus 3. Group Term Life 4. Group Term Life in lieu with EDLI 5. Group Leave Encashment Scheme

Page | 9

3. Micro Insurance Plans

1. Alp Nivesh Yojana: An endowment plan with Life cover and Maturity benefit equal to sum assured + vested bonus. 2. Saral Suraksha Yojana: A Term Insurance policy with return of premium on maturity. 3. Jana Vikas Yojana: A single premium plan with maturity benefit of 125% of the single premium payable on survival till the end of the policy term.

Page | 10

Offices of Bajaj Allianz Life Insurance Company

The head office of Bajaj Allianz life insurance Company is in pune.
Pune Head Office G.E.plaza, 1st floor, Airport Road,Opp. Gunjan theatre, Yerwada,Pune - 411 006,", "Bajaj Finserv, 3rd floor, Survey # 208/1B,,Behind Weikfield IT-Park,Viman nagar,Pune

Address

Telephone 020 66026683/43

Other offices
Surat
Address Telephone MZ 38 to 40 , Sreeji Arcade , B/H. Bhulka Bhavan School, Anand Mahal Road , Adajan ,Surat 0261 - 2731712

Delhi Connaught Place

Address Telephone C-32, 1st Floor & 2nd Floor, Connaught Place,New Delhi - 110 002, 011 - 41490500

Srinagar
Address Telephone 3rd Floor,Lake City Plaza, Karan Nagar,,,,,Srinagar - 190010 0194 2457254

Amritsar
Address Telephone SCO 31, KK Tower, Dist. Shopping Complex, Ranjit Avenue, Amritsar, 0183-5006652

Page | 11

Conclusion:
Bajaj Allianz is the best life insurance company in India and has a great insurance products which can help the people in their life works. Bajaj allianz has unique potential which can help them to rise.

Page | 12

BIBLIOGRAPHY:
www.Bajaj Allianz .com
www.wikiphedia.com

Page | 13