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Bajaj Finserv’s arm reports marginal fall in gross direct premium underwritten in December

07 Jan 2025 Evaluate

Bajaj Finserv’s unlisted insurance subsidiary -- Bajaj Allianz General Insurance Company has reported gross direct premium underwritten of Rs 1,330.9 crore in the month of December 2024 as compared to Rs 1,364.67 crore in November 2024, i.e. down by 2.47% Month-on- Month basis.  Besides, gross direct premium underwritten up-to-the month of December 2024 stood at Rs 17,112.4 crore. 

Meanwhile, its unlisted insurance subsidiary -- Bajaj Allianz Life Insurance Company has reported Individual non-single premium of Rs 648.28 crore in the month of December 2024. The company has reported Individual single premium and Group single premium of Rs 39.21 crore and Rs 311.97 crore respectively during December 2024.

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

Peers
Company Name CMP
Bajaj Finserv 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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