Bajaj Allianz Nov Update: General insurance gross direct premium at ?1,324.67 crore

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Wed, December 11, 2024

[ Wed, Dec 11th 2024 ]: London Evening Standard

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Finance leaders discuss the challenges and opportunities reshaping the corporate world

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[ Sun, Dec 08th 2024 ]: Daily News

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Bajaj Allianz Nov Update: General insurance gross direct premium at ?1,324.67 crore

//business-finance.news-articles.net/content/202 .. ance-gross-direct-premium-at-1-324-67-crore.html

Published in Business and Finance on Monday, December 9th 2024 at 9:02 GMT by cnbctv18
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Bajaj Allianz Life Insurance recorded total new business premiums of â‚¹659.35 crore for November. Shares of parent company Bajaj Finserv Ltd ended at â‚¹1,638.05, up by â‚¹2.20, or 0.13%, on the BSE.

The article from CNBC TV18 discusses the performance of Bajaj Finserv, highlighting that Bajaj Allianz General Insurance reported a 45% year-on-year increase in Gross Direct Premium Income (GDPI) for November, reaching Rs 1,376 crore. This growth was attributed to a strong performance in the motor insurance segment, which saw a 37% rise in GDPI. Additionally, Bajaj Allianz Life Insurance experienced a 36% increase in new business premium, amounting to Rs 936 crore, driven by a 50% surge in individual rated new business premium. The company's strategic focus on expanding its product offerings and enhancing customer engagement through digital channels has contributed to these positive results. The article also notes that Bajaj Finserv's shares have been performing well, reflecting investor confidence in the company's growth trajectory.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/market/stocks/bajaj-finserv-share-price-bajaj-allianz-november-update-general-insurance-gross-direct-premium-bajaj-allianz-life-new-business-19521622.htm ]