Name

Bajaj Allianz

Legal name

Bajaj General Insurance Limited

Website

https://bajajallianz.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Standard Personal Auto Insurance (Liability, Collision & Comprehensive) (FSAJAAAA)

akta.pro secondary industries

Commercial Auto & Fleet Insurance (FSAJAMAB), Commercial Package / Business Owners Policies (BOP) (FSAJAMAG)

Keywords

• General insurance services
• Health insurance plans
• Motor vehicle insurance
• Commercial property insurance
• Cyber insurance coverage

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Premium Income: Primary revenue from insurance premiums across multiple product lines including health, motor, home, travel, cyber, pet, and commercial insurance. Premiums are collected annually or multi-year with options for monthly payments on certain products.
2. Investment Income: Returns on float/investment of collected premiums managed by the Bajaj Finserv group investment portfolio.
3. Processing and Administration Fees: Fees collected for policy issuance, endorsement changes, and administrative services.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Bajaj General Insurance (formerly Bajaj Allianz General Insurance) provides general insurance products including health, motor, travel, home, pet, cyber, and commercial insurance for individual, family, corporate, MSME, and rural customers across India. Distribution occurs through direct digital channels (website and mobile app), agent and POSP networks, government-backed schemes, and branch offices, supported by 7,200+ cashless garages and 18,400+ cashless hospitals.

Product overview

Bajaj General Insurance (formerly Bajaj Allianz General Insurance) operates as a comprehensive general insurance platform offering a diverse portfolio organized across personal lines (health, motor, travel, home, pet, cyber), commercial insurance (employee benefits, marine, property, liability, engineering, specialty lines), government schemes, and specialized offerings. The core platform is organized into main product categories: Health Insurance including individual, family, top-up, critical illness, and women-specific plans (My Health Care Plan, Health Guard, HERizon Care, Silver Health); Motor Insurance covering cars, bikes, and commercial vehicles with usage-based options (VPAY, Drive Smart); Travel Insurance for international, domestic, student, and corporate travel; Home Insurance with all-risk and standard options (My Home Insurance, Bharat Griha Raksha); and specialized products like Climatesafe parametric climate insurance, cyber insurance, and pet insurance. Commercial offerings include group health/accident, marine transit, fire/property, liability, engineering, surety, and MSME-specific coverage. The company also participates in government schemes (PMSBY, PMFBY, weather insurance). Digital integration includes Drive Smart app for motor customers and Health Companion for wellness engagement, serving over 17 crore customers across 7,200+ cashless garages and 18,400+ network hospitals.

Differentiator

Problem solved

Functional benefit

Brands

• HERizon Care: Insurance solutions specifically designed for women's unique health journey.
• Privé
• Climatesafe Insurance

Products and services

• My Health Care Plan Comprehensive health insurance plan offering coverage starting from ₹15/day, with customizable health coverage, preventive checkup benefits, and restoration benefit for sum insured replenishment. Targets individual and family buyers seeking affordable health protection.
• Health Guard Family health insurance policy providing comprehensive coverage for families with multiple coverage options and add-on riders for tailored protection.
• Silver Health Health insurance plan designed specifically for senior citizens, covering age-related health conditions with features like shorter waiting periods for pre-existing conditions.
• Global Health Care International health insurance providing comprehensive coverage for medical treatments abroad, including emergency medical evacuation and repatriation.
• Arogya Sanjeevani Policy Standard health insurance policy mandated by IRDAI offering standardized coverage and benefits across all insurers for easy comparison.
• Criti Care Critical illness insurance providing lump sum benefit upon diagnosis of specified critical illnesses, covering conditions like cancer, heart attack, and stroke.
• HERizon Care Women-specific health insurance covering unique health journeys including maternity benefits and gender-specific conditions, positioned as the HERizon Care sub-brand.
• Global Personal Guard Global personal accident insurance providing worldwide coverage for accidents including medical evacuation and repatriation, starting from ₹611.
• Group Health Insurance Employee health insurance coverage for organizations providing cashless treatment across 18,400+ network hospitals with customizable sum insured options.
• Comprehensive Car Insurance Full coverage motor insurance for cars including own damage, third-party liability, and optional add-ons like zero depreciation and roadside assistance.
• Third Party Car Insurance Mandatory motor insurance covering third-party liability for car owners, starting at ₹2,094, as required by Indian motor vehicle laws.
• Electric Car Insurance Specialized motor insurance coverage for electric vehicles including battery protection, charging equipment coverage, and standard EV-specific benefits.
• Electric Bike Insurance Insurance coverage for electric two-wheelers with protection against theft, accidents, and EV-specific risks like battery damage.
• Two Wheeler Insurance Motor insurance for bikes and scooters available as comprehensive or third-party only coverage starting at ₹538.
• Commercial Vehicle Insurance Insurance coverage for commercial vehicles including trucks, buses, and fleet vehicles with third-party and comprehensive options.
• VPAY (Pay As You Go) Pay-per-mile car insurance option allowing usage-based coverage where premiums are calculated based on actual kilometers driven, using OBD device data.
• Travel Ace International International travel insurance offering worldwide coverage starting from ₹13/day including medical emergencies, trip cancellation, and baggage loss protection.
• Bharat Bhraman Domestic travel insurance covering trips within India including medical coverage, trip delays, and personal accident protection.
• Student Travel Insurance Specialized travel insurance for students studying abroad with coverage including medical expenses, study interruption, and personal belongings.
• Corporate Travel Insurance Group travel insurance for businesses covering employees on domestic and international work trips with comprehensive protection.
• My Home Insurance All-risk home insurance policy covering building and contents against fire, theft, natural disasters, and comprehensive personal property protection.
• Bharat Griha Raksha Standard home insurance policy mandated by IRDAI offering coverage for home building and contents with standardized terms.
• Dog Insurance Pet insurance for dogs covering veterinary expenses, surgery costs, theft protection, and terminal illness coverage.
• Cat Insurance Pet insurance for cats providing comprehensive medical coverage and safety protection for all cat breeds.
• Individual Cyber Safe Cyber insurance providing coverage for identity theft, online fraud, cyberbullying, and digital asset protection for individual policyholders.
• Corporate Cyber Insurance Business cyber insurance covering data breaches, cyber attacks, business interruption due to cyber incidents, and crisis management costs.
• Climatesafe Insurance Parametric climate risk insurance product targeting heatwave and rainfall risks for vulnerable populations, providing rapid-response payouts when weather parameters are met.
• Group Accident Insurance Group personal accident coverage for employees providing compensation for accidental death, disability, and medical expenses.
• Workmen Compensation Insurance Mandatory insurance for employers covering legal liability for employee work-related injuries and occupational diseases.
• Marine Open Policy Open marine insurance policy providing continuous coverage for goods in transit under ongoing business relationships.
• Standard Fire Insurance Property insurance covering losses due to fire, lightning, and allied perils for commercial and residential properties.
• Bharat Sookshma Udyam Suraksha Standard fire and allied perils insurance for micro and small enterprises meeting IRDAI-defined criteria.
• Bharat Laghu Udyam Suraksha Standard fire and allied perils insurance for small and medium enterprises with higher coverage limits.
• Contractor's All Risk Insurance Construction insurance covering contractors against damage to works, materials, and third-party liabilities during construction projects.
• Professional Liability Insurance Errors and omissions insurance protecting professionals against claims arising from negligent services or advice.
• Director's & Officers Insurance D&O insurance protecting company directors and officers from personal liability arising from management decisions.
• Surety Insurance Contractual surety coverage guaranteeing performance obligations of contractors to project owners.
• Jeweller's Insurance Specialized insurance for jewellers covering stock, equipment, and liability against theft, damage, and other business risks.
• Pradhan Mantri Suraksha Bima Yojana (PMSBY) Government-backed personal accident insurance scheme offering ₹2 lakh coverage for accidental death/disability at ₹20 per year premium.
• Pradhan Mantri Fasal Bima Yojana (PMFBY) Government crop insurance scheme protecting farmers against crop loss due to natural calamities, pests, and diseases.
• Weather Insurance (RWBCIS) Restructured Weather Based Crop Insurance Scheme providing parametric weather-triggered payouts to farmers.
• Privé Exclusive insurance solutions crafted for high net worth individuals with luxury lifestyle coverage needs and premium service features.
• Hospital Cash Benefit Insurance Hospital cash benefit insurance providing daily cash allowance to policyholders during hospitalization for any covered treatment.

Quantifiable outcome

• Instant car insurance issuance in 3 minutes
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• IRDAIcoreOthersRegulated by Insurance Regulatory and Development Authority of India (IRDAI). IRDA Reg. No. 113. Company participates in IRDAI-mandated initiatives like Caringly Yours Day and follows regulatory guidelines for grievance redressal.
• Cashless Garage Network (7,200+)coreOthersNetwork of 7,200+ cashless garages enabling cashless motor insurance claim settlements across India
• Cashless Hospital Network (18,400+)coreOthersNetwork of 18,400+ cashless hospitals enabling cashless health insurance claim settlements across India

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• ICICI Lombard General Insurance: One of India's largest private general insurers with a comparable multi-line portfolio spanning motor, health, fire, marine, and liability. Directly competes with Bajaj General Insurance across retail, commercial, and government scheme distribution.
• SBI General Insurance: Bank-led private general insurer leveraging SBI's distribution to sell motor, health, travel, and commercial products. Directly comparable GTM leveraging banking ecosystem, similar in scale to Bajaj's parent-driven reach.
• Reliance General Insurance: Part of Reliance Group; offers multi-line general insurance including motor, health, home, and commercial coverage. Directly competes with Bajaj General Insurance across personal and commercial segments in India.
• Tata AIG General Insurance: Joint-venture-backed private general insurer (Tata Group + AIG) with overlapping personal and commercial lines including motor, health, travel, and liability. Closely comparable in product breadth and target customer segments.
• Cholamandalam MS General Insurance: Murugappa Group's general insurer with material presence in motor, health, and commercial lines. Overlaps with Bajaj General in commercial vehicle and SME/MSME underwriting.
• HDFC ERGO General Insurance: Major private-sector general insurer offering health, motor, home, travel, cyber and commercial lines. Direct competitor with similar distribution mix (digital + agents + bancassurance via HDFC ecosystem).

Regional players

• Star Health and Allied Insurance: India's leading standalone health insurer, competing most directly with Bajaj General's health and top-up offerings including group health, family floater, and senior citizen plans.

Emerging players

• Acko General Insurance: Digital-first direct-to-consumer insurer competing in motor, health, and travel. Represents the emerging disruptor cohort challenging traditional carriers like Bajaj on price and UX in retail lines.
• Go Digit General Insurance: Tech-driven general insurer with strong focus on motor and parametric/commercial products. Comparable in its emphasis on digital distribution and product innovation including usage-based insurance.

Broad incumbents

• New India Assurance: India's largest public-sector general insurer with deep reach in motor, health, fire, and government-backed schemes. Competes on price in mass-market segments where Bajaj also participates via PMFBY/PMSBY.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@BajajGeneralIn

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bajaj Allianz