Bajaj Allianz Life Insurance Posts Rs 1,082 Crore In New Business Premium In June

Bajaj Allianz General Insurance Co. and Bajaj Allianz Life Insurance Co.—Bajaj Finserv Ltd.'s subsidiaries—on Monday announced their provisional figures for June.

Bajaj Allianz General Insurance reported a gross direct premium underwritten at Rs 1,234 crore for June, according to provisional figures released by the company on Monday in its business update.

The total new business premium for Bajaj Allianz Life Insurance stood at Rs 1,082 crore for June. The individual single premium was recorded at Rs 77.82 crore, while the individual non-single premium stood at Rs 536.37 crore. The group single premium was at Rs 415.11 crore, and the group yearly renewable premium stood at Rs 53.15 crore, it said. The company's total premium for the April–June period stood at Rs 2,539.93 crore.

Shares of Bajaj Finserv closed 0.73% lower on Monday at Rs 1,568 apiece, as compared to a 0.01% decline in the NSE Sensex.