Factuary

Bajaj Life Insurance (formerly Bajaj Allianz Life) Insurance Data

lifeIRDAI Reg. 116

Life insurance arm of Bajaj Group (formerly Bajaj Allianz Life Insurance; rebranded 8 Oct 2025 after Allianz began exiting the joint venture).

HQ: Pune
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IRDAI Disclosures ↗

Bajaj Life Insurance (formerly Bajaj Allianz Life) is a life insurance company licensed by IRDAI (registration number 116). Its solvency ratio of 2.85× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 2nd among 25 life insurers. The company reported gross written premium of ₹27160 crore in FY25-03, ranking 7th by premium among 25 life insurers. Its 13th-month premium persistency ratio was 76.8% in Q1 FY26-27.

Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.

Premium

gross written premium₹27,160 croreFY25-03Handbook-Table-2-40

Solvency

solvency ratio2.85×Q1 FY26-27L-22-ANALYTICAL-RATIOS

Persistency

61st month persistency ratio53.2%Q1 FY26-27L-22-ANALYTICAL-RATIOS
25th month persistency ratio66.2%Q1 FY26-27L-22-ANALYTICAL-RATIOS
49th month persistency ratio62.0%Q1 FY26-27L-22-ANALYTICAL-RATIOS
37th month persistency ratio63.9%Q1 FY26-27L-22-ANALYTICAL-RATIOS
13th month persistency ratio76.8%Q1 FY26-27L-22-ANALYTICAL-RATIOS
25th month persistency by policy count69.4%FY24-25Handbook-Table-28
49th month persistency by policy count55.1%FY24-25Handbook-Table-28
37th month persistency by policy count59.9%FY24-25Handbook-Table-28
61st month persistency by policy count51.3%FY24-25Handbook-Table-28
13th month persistency by policy count77.6%FY24-25Handbook-Table-28

Financial Position

net worth₹10,899 croreFY24-25Handbook-Table-26

New Business

new business premium growth rate45.3%Q1 FY24-25L-22-ANALYTICAL-RATIOS

Distribution by Channel

Online policies12,500FY24-25Handbook-Table-100
Referrals premium₹0.00 croreFY24-25Handbook-Table-100
Referrals policies0FY24-25Handbook-Table-100
Others premium₹0.00 croreFY24-25Handbook-Table-100
Corp. Agents (Other) policies33,086FY24-25Handbook-Table-100
Bank Channel premium₹2,658.13 croreFY24-25Handbook-Table-100
IMF premium₹9.51 croreFY24-25Handbook-Table-100
Brokers policies1,58,923FY24-25Handbook-Table-100
Others policies0FY24-25Handbook-Table-100
Corp. Agents (Other) premium₹261.85 croreFY24-25Handbook-Table-100
Individual Agents premium₹2,032.82 croreFY24-25Handbook-Table-100
MI Agents premium₹0.00 croreFY24-25Handbook-Table-100
Individual Agents policies2,04,796FY24-25Handbook-Table-100
Brokers premium₹785.00 croreFY24-25Handbook-Table-100
Direct policies1,23,992FY24-25Handbook-Table-100
POS policies108FY24-25Handbook-Table-100
Web Agg. premium₹1.24 croreFY24-25Handbook-Table-100
MI Agents policies0FY24-25Handbook-Table-100
Web Agg. policies377FY24-25Handbook-Table-100
CSCs premium₹0.00 croreFY24-25Handbook-Table-100
POS premium₹0.80 croreFY24-25Handbook-Table-100
Online premium₹35.32 croreFY24-25Handbook-Table-100
Direct premium₹1,861.94 croreFY24-25Handbook-Table-100
Bank Channel policies2,44,397FY24-25Handbook-Table-100
IMF policies901FY24-25Handbook-Table-100
CSCs policies0FY24-25Handbook-Table-100

Lapse & Surrender

lapse and surrender ratio4.4%FY24-25Handbook-Table-27

Other Claims

claims settled in 1 to 3 months5.9%FY24-25Handbook-Table-18
claims settled after 1 year0.0%FY24-25Handbook-Table-18
claims settled in 3 to 6 months0.1%FY24-25Handbook-Table-18
claims settled in 6 to 12 months0.0%FY24-25Handbook-Table-18
claims paid within 1 month93.9%FY24-25Handbook-Table-18

Other

MI Agents premium₹20.39 croreFY24-25Handbook-Table-102
Corp. Agents (Other) lives41,94,070FY24-25Handbook-Table-102
Brokers schemes290FY24-25Handbook-Table-102
Direct premium₹2,334.20 croreFY24-25Handbook-Table-102
Others premium₹0.00 croreFY24-25Handbook-Table-102
Web Agg. lives0FY24-25Handbook-Table-102
Bank Channel lives72,71,178FY24-25Handbook-Table-102
CSCs lives0FY24-25Handbook-Table-102
Individual Agents premium₹2.30 croreFY24-25Handbook-Table-102
MI Agents lives3,04,326FY24-25Handbook-Table-102
Others schemes0FY24-25Handbook-Table-102
MI Agents schemes0FY24-25Handbook-Table-102
Online lives0FY24-25Handbook-Table-102
CSCs schemes0FY24-25Handbook-Table-102
Bank Channel schemes27FY24-25Handbook-Table-102
Web Agg. premium₹0.00 croreFY24-25Handbook-Table-102
IMF schemes1FY24-25Handbook-Table-102
POS premium₹0.00 croreFY24-25Handbook-Table-102
Online premium₹0.00 croreFY24-25Handbook-Table-102
Online schemes0FY24-25Handbook-Table-102
POS schemes0FY24-25Handbook-Table-102
Direct lives24,52,735FY24-25Handbook-Table-102
POS lives0FY24-25Handbook-Table-102
Corp. Agents (Other) premium₹934.78 croreFY24-25Handbook-Table-102
Others lives0FY24-25Handbook-Table-102
IMF premium₹0.09 croreFY24-25Handbook-Table-102
Web Agg. schemes0FY24-25Handbook-Table-102
Bank Channel premium₹919.27 croreFY24-25Handbook-Table-102
Brokers lives22,45,429FY24-25Handbook-Table-102
Individual Agents lives1,517FY24-25Handbook-Table-102
Corp. Agents (Other) schemes27FY24-25Handbook-Table-102
Brokers premium₹435.21 croreFY24-25Handbook-Table-102
Direct schemes148FY24-25Handbook-Table-102
CSCs premium₹0.00 croreFY24-25Handbook-Table-102
IMF lives144FY24-25Handbook-Table-102
Individual Agents schemes11FY24-25Handbook-Table-102
traditional plan commission paid₹2,446.39 croreFY24-25Handbook-Table-13
ULIP commission paid₹660.37 croreFY24-25Handbook-Table-13

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

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