Bajaj Life Insurance (formerly known as Bajaj Allianz Life Insurance Company Limited) is an Indian life insurance company headquartered at Pune, Maharashtra.
The company is 100% owned by the Bajaj Group, an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926.
History Bajaj Life Insurance was incorporated on 12 March 2001 under the Companies Act, 1956, after the liberalization of the insurance sector in India. It obtained a license from the Insurance Regulatory and Development Authority for carrying on the business of life insurance on 3 August 2001. It is a joint venture between Bajaj Finserv Ltd. owned by the Bajaj Group and Allianz SE, a German financial services company.
Till December 2023, the company's assets under management crossed Rs. 1 Lac crore.
In March 2025, Bajaj Finserv announced plans to acquire Allianz SE's 26% stake in the insurance joint ventures for approximately ₹24,180 crore, marking a significant shift in ownership.
In January 2026, Bajaj Finserv and its promoter group completed the acquisition of a 23% stake from Allianz, increasing their combined ownership to about 97% and effectively ending the 24-year joint venture.
Operations The company managed its operations to all across India. Till 2023 it expanded its operation to Dubai and the GCC region.
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