Bajaj Allianz Corporate Update
BALIC: Balanced product mix
B
BAJAJ
Allianz
LIFE GOALS. DONE.
IRNB Mix
Share of Non-par savings and Annuity
stands at 38% in Q1 FY24
31%
-
Individual Unit Linked
41%
39%
38%
42%
3%
3%
3%
6%
5%
Individual Non Par Protection
Individual - Non Par Savings
27%
42%
31%
29%
33%
Individual - Annuity
2%
11%
7%
9%
Individual Par
6%
23%
20%
17%
19%
13%
FY21
FY22
FY23
Q1 FY23
Group NB Mix
Q1 FY24
Protection (Group) new business in Q1 FY24 -
Rs. 650 Cr (vs Rs. 574 Cr in Q1 FY23)
58%
56%
53%
70%
36%
64%
Group Fund NB
■Group Protection NB
42%
44%
47%
30%
FY21
FY22
FY23
Q1 FY23
Q1 FY24
IRNB - Individual Rated New Business - (100% of first year premium & 10% of single premium excluding group products).
Note: The components might not add up to total of 100% due to rounding off
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