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Bajaj Finserv rises after its arm launches post-retirement fund guarantee plan

25 Feb 2021 Evaluate

Bajaj Finserv is currently trading at Rs. 10264.35, up by 46.30 points or 0.45% from its previous closing of Rs. 10218.05 on the BSE.

The scrip opened at Rs. 10270.00 and has touched a high and low of Rs. 10300.25 and Rs. 10130.35 respectively. So far 21266 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 10586.40 on 15-Feb-2021 and a 52 week low of Rs. 3985.60 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 10428.15 and Rs. 9263.20 respectively. The current market cap of the company is Rs. 163045.86 crore.

The promoters holding in the company stood at 60.80%, while Institutions and Non-Institutions held 14.85% and 24.17% respectively.

Bajaj Finserv’s subsidiary company -- Bajaj Allianz Life Insurance has launched an insurance plan offering a guaranteed regular deferred annuity during post-retirement life. There is a funding gap in the post-retirement life and lots of people will not be earning but would need funds, so this is a grave issue that needs to be addressed.  The plan is designed to fill the gap of the pension needs of various categories of people, which has nine different variants in the offing.

Bajaj Allianz Life claimed it is the only life insurance plan that offers a regular premium deferred annuity option so that the policyholders have a guarantee of their pension, having paid regularly over a period of time, when they are not active in work life.

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.

Bajaj Finserv Share Price

1851.40 22.00 (1.20%)
21-Apr-2026 16:59 View Price Chart
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