covid-19 2020 pandemic

How Bajaj Allianz Life managed to beat the pandemic

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Bajaj Allianz Life did underwriting for over 99,000 policies and garnered a ₹3,333 crore gross written premium. The company, which has over 1 lakh agents, also saw its agency channel grow 23% in December 2020 compared to a year earlier.Despite the challenges that covid-19 had posed, Bajaj Allianz Life was the fastest growing life insurer in December 2020, with 41% growth in the new business in the retail segment than a year earlier.

It also saw 36% growth in the number of policies between April and December compared to the same period a year back.Most of it was possible as the company focussed on its agents and empowered them with the tools they needed. "We ensured that we supported our agents to help them be in touch with their clients..

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