Daijiworld News Network- Mangalore (AF)

Mangalore, May 5: Bajaj Allianz Life Insurance has emerged as the new leader in private sector life insurance, said Bajaj Allianz area manager Shanti Lal while addressing the media here on Thursday May 4.

He said that Bajaj Allianz Life Insurance has a lead of over Rs 78 crore. The new business premium of Rs 2715 crore has seen a 21.5 per cent growth over the previous year and a three fold leap over the last financial year figure of Rs 860 crore.

The company has registered a leap in the market share from 3.39 per cent to 7.56 per cent over the last year and from 15.5 per cent to 26.5 per cent market share in the private sector life insurance companies. It has added 7.81 lakh policies this financial year, which is a jump from 2.8 lakh policies last financial year, informed Lal.

Expressing his gratitude towards customers, agents, employees and other stake holders, he said that it was their support and input that had helped the company to reach the top.

Bajaj Allianz has about 40 to 45 branches in the state, he said.