Bajaj Allianz Life strengthens agency channel

By | January 18, 2021
Bajaj Allianz Life strengthens agency channel

Bajaj Allianz Life strengthens company channel

Bajaj Allianz has 1,07,979 insurance agents pan India with average ticket size at Rs 63,165.Bajaj Allianz has 1,07,979 insurance coverage brokers pan India with common ticket measurement at Rs 63,165.

Bajaj Allianz Life Insurance coverage recruited 15,000 brokers between August and December 2020 throughout 500 places within the nation. Recruitment of the company drive picked up after a spot of 5 months due to the challenges of on-boarding brokers throughout the lockdown, Sameer Joshi, chief company officer, Bajaj Allianz Life, mentioned.

The corporate’s company channel has grow to be one of many the fastest-growing channels with a 23% year-on-year development in December. The corporate added over 3,000 brokers within the month alone.

Bajaj Allianz has 1,07,979 insurance coverage brokers pan India with common ticket measurement at Rs 63,165. The corporate’s over one lakh brokers, together with level of sale individuals, had written 99,940 insurance policies and garnered Rs 3,333 crore gross written premium for FY21 until December.

Throughout the pandemic, it grew to become troublesome to fulfill clients in individual, so the corporate needed to make interventions by means of digital instruments for making certain company join with clients, Joshi mentioned.

“These initiatives helped the corporate grow to be the fastest-growing life insurer in December with a 41% development in retail new enterprise, in contrast with the identical month in 2019. The corporate reported a 36% development within the variety of insurance policies, which was the very best within the business for the nine-month interval ended December 31, 2020,” Joshi mentioned.

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