Bajaj Allianz General's April Premium Jumps 70%; Life Arm Sees Sharp Drop

Bajaj Allianz General Insurance Co. Ltd. reported a 70% year-on-year rise in gross direct underwritten premium to ₹24.03 billion in April, the company said in a filing to the exchanges on Thursday. The insurer is a subsidiary of Bajaj Finserv Ltd.

Meanwhile, Bajaj Allianz Life Insurance Co. Ltd., also a Bajaj Finserv unit, saw its new business premium slump 60% on month to ₹7.19 billion in April.

Within this, individual single premium fell to ₹453.4 million in April from ₹624.5 million in March, while group single premium dropped to ₹2.27 billion from ₹6.14 billion.

The company reported ₹122.93 billion in new business premium for 2024-2025