Bajaj Allianz Corporate Update
BALIC: Individual Rated New Business
Whole Company
FY23 growth of 41%
5,214
3,686
Agency
FY23 growth of 43%
2,122
Q1 FY24 growth
of 15%
1,489
Industry beating growth
895
1,028
493
B
BAJAJ
Allianz
LIFE GOALS. DONE.
All Figures in Rs Crore
Q1 FY24 growth
of 22%
Agency continues to stride ahead
with substantial growth
473
387
238
FY22
FY23
Q1 FY22 Q1 FY23 Q1 FY24
FY22
FY23
I Q1 FY22
Q1 FY23
Q1 FY24
Institutional Business
BALIC Direct
FY23 growth of 42%
FY23 growth of 34%
2,640
Q1 FY24 growth of
8%
452
I
338
1,859
r
IB continues to provide overall I
incremental growth
Q1 FY24 growth
of 18%
BALIC Direct continues showing
significant year-on-year growth
435
468
212
FY22
FY23
Q1 FY22
Q1 FY23
Q1 FY24
FY22
Individual Rated NB = (100% of first year premium & 10% of single premium excluding group products)
73
86
43
FY23
¡ Q1 FY22
Q1 FY23
Q1 FY24
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