Bajaj Allianz Corporate Update
BAGIC: Diversified Channel Mix
Channel Mix
27%
30%
25%
B
Allianz
BAJAJ
Caringly yours
26%
23%
42%
42%
48%
45%
45%
3%
10%
10%
10%
10%
2%
10%
18%
16%
15%
16%
FY21
FY22
FY23
Q1 FY23
Corporate Agents - Others
Brokers
18%
Q1 FY24
Direct Business
Individual Agents
Bancassurance
Partnerships
•Over 214 Bank partners
•20 National Tie-ups &
MNC Banks
⚫28 NBFCs, 5 SFBs, 12
Housing Finance
Companies, 1
Payments Bank
•133 Co-operative
banks, 15 RRBs
•New Tie-ups in Q1
FY24: HDFC Securities,
Manipur Rural Bank
etc.
Corporate Agents - Banks
Agency & Retail
Channels
52,800+ agents &
69,182 POS
• Virtual Sales Offices
Acquisition of Direct
Customers through
our Sales Force
Agency segmented
under prime, key,
emerging and Retail
and SME
OEMS* & Dealer
Partnerships
⚫45 national Tie-ups and
over 9,300 network of
dealers across pan
India
•National Tie-ups:
Maruti, Honda, Toyota,
Mahindra, Hyundai,
MG, Kia, VW, BMW,
TATA Motors, Bajaj, RE,
Yamaha, Piaggio, JCB,
Suzuki TW, Bgauss,
Revoult, Lexus, Nissan,
Renault, Hero Electric,
Ampere, etc.
Rural Focus
•19.22 lakh farmers
insured in FY2023
⚫Issued 35.10 lakh
NOPS under crop
insurance in FY2023
•Received crop
insurance enrollments
from 14,797 CSC
centers in FY2023
•15,330+ active CSC
centers in Q1 FY24
Note: The components might not add up to total of 100% due to rounding off | * Original Equipment Manufacturer
Presence in
ecosystems
• 23+ Partnerships
across Insuretech
companies,
aggregators, wallets
such as Phone Pe,
payments banks, etc
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