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Life Insurance Partners
Bajaj Allianz Life Insurance Company is one of India's leading private life insurance companies. Bajaj Allianz is a joint venture between Bajaj Finserv Ltd and Allianz SE. Both enjoy a reputation of expertise, stability and strength. While Bajaj Group has more than five decades of experience in the local market, Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world with over 110 years of experience in the financial services sector and presence in more than 70 countries. This joint venture Company incorporates global expertise with local experience.

Bajaj Allianz Life Insurance has developed life insurance solutions that cater to every segment and age-income profiles. Currently, Bajaj Allianz Life Insurance has a strong life insurance product portfolio with adequate flexible products to cater to all kinds of customer needs from ULIPs to Child plans, and group insurance. The Company began its operations in 2001 and today has a pan-India presence with 759 branches in India.

At Bajaj Allianz Life Insurance, customer delight is our guiding principle. Ensuring world class solutions by offering customized products with transparent benefits supported by the best technology is our business philosophy.

In February 2015, Bajaj Allianz Life Insurance has been conferred with “Best Life Insurance Company in the Private Sector” Award in BFSI Awards by World CSR Day and World CSR Congress in association with ABP News.

The Company has also been awarded the "Best Life Insurance Company - Private Sector" by LOKMAT Banking, Financial Services & Insurance Awards 2014. The BFSI Awards 2014 is organized to recognize the best performances of various Banking, Finance and Insurance services.

Bajaj Allianz Life Insurance has received another recognition as the "Claims Service Company of the Year" category at the Indian Insurance Awards 2014. The Indian Insurance Awards have been conceptualized to honor performance, growth and excellence in the Indian insurance industry, and raise the benchmark year on year for industry participants.

Last year, the Company was also conferred the "SKOCH Financial Inclusion & Deepening Award 2014" in the Platinum Category, for their Excellence in the Life Insurance Industry.
The Life Insurance Corporation of India (LIC) embarked upon its momentous journey in true spirit of serving the people and nation as a whole in 1956. Since then it has spearheaded the financial and infrastructure development of the nation. LIC has played a significant role in spreading life insurance among the masses and mobilization of people’s money for people’s welfare.

Life Insurance Corporation of India is an internationally recognized financial conglomerate, servicing its customers through its corporate office in Mumbai, 8 zonal offices, 113 divisional offices, 2048 branch offices, 1283 satellite offices, 73 customer zones, 25 metropolitan area service hubs, 25,928 premium acceptance points, 2380 life plus offices, 1256 Mini offices, more than 116,000 direct employees and 1,172,000 agents.

LIC is the largest insurer in the country servicing around 30 Cr. policies. The Excellent Claims settlement Ratio (99.68%) in Maturity claims and (99.30%) Death claims in 2013-14, occupies a pride of place and also has kept standards high for the industry. The asset base of the Corporation is 18 lac crore.

Latest IT driven internal systems and ethical working culture has gained LIC an unswerving trust of the people. LIC understands that in this age where information is the key to decision-making, computerisation alone can make a huge difference. Today, LIC has one of the country's largest wide area networks linking every one of its offices to a central server. The Corporation has also simultaneously implemented an Enterprise Document Management System for digitisation of all policy records. This has created one of the world's largest corporate active data warehouses and has enabled the Corporation to use advanced online analytical/monthly income statement tools for predictive modeling and enhancing client relationship management initiatives.

The Insurance Sector was opened up for competition in 2000 and as on date 24 companies are operating in Life Insurance segment. However, after 14 years of competition and 23 international Insurers being in the competition, LIC of India has retained its Market Share of 75.33% in premium and 84.44% in NOP in New Business in 2013-14.

The Trust it has garnered of the people of India over the years is the true achievement for LIC. When one says life Insurance, LIC is the first name that comes to peoples mind. That is the Brand Identity which inspires and spurs LIC to keep its position as the No.1 life Insurance Company in India.

During the year 2013-14, LIC has won 31 awards, notable ones being Readers Digest Trusted Brand , Skoch Renaissance Award, Outlook Money Award, Annual Greentech CSR Awards, Maccia-IBN-Lokmat Award, Asian Sustainability Leadership Award.LIC also ranked among “Top-10 Most Trusted Service Brands in India” and was voted as No.1 Most Trusted Insurance Brand in the ET Brand Equity-Nielson Survey-2013

The Corporation is also present in thirteen countries through branch offices in Fiji, Mauritius and the United Kingdom, a wholly owned subsidiary in Singapore, joint venture companies in Bahrain, Nepal, Sri Lanka, Kenya and Saudi Arabia and chief agents' offices in Bahrain, Dubai, Kuwait, Abu Dhabi, Oman and Qatar.
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