Prices Increasing Soon
In spite of its overall life insurance business getting a slight outgrowth, Bajaj Allianz Life Insurance is looking forward to bank on the growth of 60-65% in its specific division of micro-insurance.
The company by the end of this FY intends to report a business of about Rs. 350 crore, specifically in its micro-insurance segment, which was reported to be Rs. 216 crore in the first half of this FY. In the FY (i.e. FY 2015), it stood at Rs. 213 crore, as per Mr. Neeraj Maheshwari, Vice President, Bajaj Allianz Life.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Well, the second half typically comes out to be better for most insurance vendors.
“We expect a high double-digit growth in the segment this year. It will be one of the fastest growing segments for the company,” quoted Neeraj.
Some regional rural banks, common service centres, and cooperative banks are allowed to sell micro-insurance policies and products of the company. And, the micro-insurance products seller is looking forward to collaborating with more and more rural banks in different regions, microfinance institutes, and some self-help groups to achieve its aim of reporting a business of Rs. 350 crore by the end of this FY, according to Neeraj Maheshwari.
Bajaj Allianz is looking forward to launching soon another product under its micro-insurance category that currently has two products while the assured sum at the maturity ranges from Rs. 25000 to 30000 with a premium of Rs. 2000. Nevertheless, the term insurance requires Rs. 100-150 only as the premium.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Life insurance fraud is a financial crime that can be committed
Read more
High net worth individuals often opt for life insurance plans to
Read more
“Policy Bazaar insurance clarified the term policy for me, so
Read more
“I recently bought an HDFC term plan and it is the best
Read more
The life insurance policy in India is a type of life insurance
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
