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Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance Company Limited is a joint venture between two leading conglomerates Allianz AG and Bajaj Auto Limited.

Characterized by global presence with a local focus and driven by customer orientation to establish high earnings potential and financial strength, Bajaj Allianz Life Insurance Co. Ltd. was incorporated on 12th March 2001. The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration (R3) No 116 on 3rd August 2001 to conduct Life Insurance business in India.

Bajaj Auto Ltd, the flagship company of the Rs. 8000 crore Bajaj group is the largest manufacturer of two-wheelers and three-wheelers in India and one of the largest in the world. With over 15,000 employees, the company is a Rs. 4000 crore auto giant, is the largest 2/3-wheeler manufacturer in India and the 4th largest in the world. AAA rated by Crisil, Bajaj Auto has been in operation for over 55 years. It has joined hands with Allianz to provide the Indian consumers with a distinct option in terms of life insurance products.

The Allianz Group is one of the leading global services providers in insurance, banking and asset management. With approximately 178,000 employees worldwide (as of September 30, 2007), the Allianz Group serves more than 75 million customers in about 70 countries. On the insurance side, Allianz is the market leader in the German market and has a strong international presence.

In fiscal 2006 the Allianz Group achieved total revenues of over 101 billion euros. Allianz is also one of the world’s largest asset managers, with third-party assets of 764 billion euros under management at year end 2006.

In 2006 Allianz SE, the parent company, became the first company in the Dow Jones EURO STOXX 50 Index to adopt the legal form of a Societas Europaea, which is a new European legal form for stock corporations. Allianz SE is headquartered in Munich, Germany.

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