Chandigarh NewsLudhiana – Bajaj Allianz Life Insurance has witnessed substantial growth in Q2FY25. The company recorded a significant 34 per cent year-on-year growth in individually rated new business (IRNB) at Rs 1,895 crore as compared to Rs 1,415 crore in The new business premium also witnessed a strong growth of 14 per cent year-on-year from Rs 2,821 crore in Q2 FY24 to Rs 3,202 crore in Q2 FY24, while the gross premium written grew by 23 percent. A significant growth of Rs 5,338 crore was recorded in the last year. Q2FY24 to Rs 6,544 crore in Q2FY24.
Bajaj Allianz Life recorded 8.9 per cent growth in private sector market share and 6.1 per cent growth in overall industry share. This growth reflects the company’s strong performance across all of its distribution channels, which continues to focus on increasing insurance awareness and penetration in various markets across the country.
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