Bajaj Allianz Logs ₹13.2-Billion General Premium In May

Bajaj Allianz General Insurance Co. Ltd. reported a gross direct premium of ₹13.22 billion in May, its parent company Bajaj Finserv said in a filing on Tuesday. As of May 31, gross direct premiums underwritten stood at ₹37.25 billion.

Bajaj Allianz Life Insurance Co. Ltd., the group’s life insurance arm, clocked ₹7.45 billion in new business for May. Individual non-single premiums led the segment with ₹4.14 billion.

Individual single premiums came in at ₹615.8 million, group single premiums at ₹1.95 billion, and group yearly renewable premiums at ₹746.8 million.

For April-May, the subsidiary’s total new business stood at ₹14.65 billion.