Latest news with #BajajAllianzLifeInsurance
Economic Times
10-08-2025
- Business
- Economic Times
JM Financial unit to sell 2.1 pc stake in home loans arm to Bajaj Allianz Life for Rs 65.5 cr
JM Financial Credit Solutions Ltd, a wholly-owned subsidiary of JM Financial, on Sunday said it will sell a 2.1 per cent stake in its home loans subsidiary to Bajaj Allianz Life Insurance Company for Rs 65.5 crore. ADVERTISEMENT In a regulatory filing on Sunday, JM Financial said JMFCSL has executed an investment agreement with Bajaj Allianz Life Insurance to sell 1.36 crore equity shares, representing a 2.10 per cent stake in JM Financial Home Loans Ltd at Rs 48 apiece. The total deal value will be Rs 65.50 crore. The transaction, scheduled for completion by August 31, will reduce JM Financial Credit Solutions' shareholding in the home loans subsidiary JMFHLL from 8.98 per cent to 6.88 per cent. Consequently, JM Financial's effective stake in JMFHLL, through its subsidiaries, will come down from 98.76 per cent to 96.66 per cent, it added. JMFHLL reported a total income of Rs 368.45 crore in the financial year ended March 31, 2025, contributing 8.27 per cent to JM Financial's consolidated income. Its net worth stood at Rs 797.43 crore, accounting for 8.24 per cent of the consolidated net worth. ADVERTISEMENT Bajaj Allianz Life Insurance, a joint venture between Bajaj Finserv and Germany's Allianz SE, is one of the country's leading private life insurers. The insurer does not belong to JM Financial's promoter or group companies. JM Financial said the stake sale does not constitute a related-party transaction and falls outside any scheme of arrangement. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
01-07-2025
- Business
- Time of India
Bajaj Allianz Life launches Nifty 500 Multifactor 50 Index Fund
Bajaj Allianz Life has announced the launch of its New Fund Offer ( NFO ) – Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund , an offering under the company's ULIP products, the fund is designed to track the Nifty 500 Multifactor MQVLv 50 Index, providing investors with exposure to a multifactor based equity index while also offering life cover . The new fund offer of NFO of the fund is open for subscription and will close on July 14. Also Read | Confused about investment in stocks, gold & silver? Simplify it with multi-asset mutual funds! Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Bajaj Allianz Life ULIP products with underlying Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund, enables policyholders to achieve their life goals, powered by the security of a life cover and the opportunity for wealth creation . The Nifty 500 Multifactor MQVLv 50 Index is a rules-based index that selects 50 stocks from the Nifty 500 universe based on four well-established investment factors: Momentum , Quality, Value, and Low Volatility. Live Events This fund passively tracks the Nifty 500 Multifactor MQVLv 50 Index, offering investors exposure to a multifactor strategy through a diversified portfolio of 50 stocks. As the Indian capital market matures, many investors are seeking structured, data-driven investment solutions that reduce behavioral biases while delivering consistent returns. This fund addresses that need by tracking an index designed to capture the benefits of factor-based investing. 'We are excited to introduce this multifactor index fund as part of our ULIP offerings. In today's environment of heightened market volatility, a factor-based passive strategy presents a smart and disciplined way to stay invested. The Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund applies a combination of four factors—Momentum, Quality, Value, and Low Volatility to construct a diversified portfolio,' said Srinivas Rao Ravuri , Chief Investment Officer, Bajaj Allianz Life Insurance . 'This fund is designed to provide investors with systematic, rules-based exposure to equities, helping eliminate the subjectivity and emotional biases often associated with active stock selection. We believe it can be a powerful tool for long-term wealth creation,' he added. The fund's investment strategy is built on four key factors - 1) based on 6-month and 12-month price returns, adjusted for volatility, 2) evaluated through return on equity (ROE), financial leverage (Debt/Equity Ratio), and earnings growth variability over the past five years, 3) assessed using earnings-to-price, book-to-price, sales-to-price ratios, and dividend yield, and lastly measured using the standard deviation of daily price returns over the last year Also Read | Beyond JioBlackRock: Eight other mutual fund NFOs open for subscription this week With the fund tracking a focused index of 50 carefully selected stocks from the Nifty 500 universe, Bajaj Allianz Life ULIP products with underlying Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund is intended for investors with very high risk tolerance who seek systematic, factor-based exposure to Indian equities for long-term capital appreciation.
Business Upturn
18-06-2025
- Business
- Business Upturn
Women Choose Term Insurance as Top Financial Tool to Secure Children's Future: Bajaj Allianz Life Survey 2025
Indian women are increasingly turning to term insurance as a key financial tool to secure their children's future, according to the Women Term Survey 2025 released by Bajaj Allianz Life Insurance. Conducted in partnership with Pixis Global and the nationwide study highlights evolving financial priorities among working women across metros, Tier 1, and Tier 2 cities. The survey reveals that nearly 73% of mothers are concerned about how their child's education would be funded in their absence. In addition, 61% of women worry about their child's financial stability in the event of unforeseen life challenges. These figures reflect a growing sense of financial responsibility and a shift toward proactive family planning among modern Indian women. Covering responses from over 1,000 salaried and self-employed women, the study underscores a strong preference for term insurance—valued for its affordability, critical illness coverage, and child protection benefits. Key Findings: One of the standout insights from the survey is that 46% of women identified term insurance as their preferred financial product to safeguard their child's future. This preference is backed by a desire for products that not only protect life but also offer features like Child Income Protection, with an overwhelming 93% of mothers expressing interest in such benefits. Healthcare coverage remains a top concern, with 87% of respondents highlighting Critical Illness protection as a highly attractive feature. Over half of the women surveyed also favoured term plans that include built-in Health Management Services (HMS). Flexibility in coverage is another priority. 51% of women indicated a need for term plans that can adjust coverage as life stages evolve, while many respondents pointed to the lack of maturity benefits and complex claim processes as major drawbacks in current offerings. Commenting on the survey results, Tarun Chugh, Managing Director and CEO of Bajaj Allianz Life Insurance, said, 'The findings show a strong shift in how women perceive term insurance—not just as a life cover, but as a holistic solution addressing key financial concerns like child education, healthcare, and overall family security. These insights are guiding us in creating term plans that are aligned with the aspirations of today's financially aware women.' The survey paints a clear picture of how women, particularly mothers, are reshaping their approach to financial planning. With a rising number of women taking charge of their family's financial future, there is a strong demand for customised, flexible, and benefit-rich term insurance products. Bajaj Allianz Life Insurance aims to use these insights to enhance its offerings and bridge existing product gaps, ensuring that women are better equipped to meet their life and financial goals with confidence. Ahmedabad Plane Crash
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Business Standard
13-06-2025
- Business
- Business Standard
Ahmedabad plane crash: Life insurers speed up claim settlement for victims
Major life insurance companies, including Life Insurance Corporation of India (LIC), Bajaj Allianz Life Insurance, and HDFC Life, are expediting insurance claim settlements for policyholders affected by the Air India crash in Ahmedabad, to provide them financial relief. Expressing grief over the deaths of on-board passengers, crew members of Air India flight AI 171, and people on the ground killed in the crash, LIC announced several concessions to mitigate hardships for the claimants of LIC policies. On Thursday, Air India's flight AI 171, bound for Gatwick from Ahmedabad, crashed shortly after take-off outside the airport. 'In lieu of death certificates, any evidence in government records of death of the policyholder due to the plane crash or any compensation paid by Central/State Government or airline authorities will be accepted as proof of death. All efforts will be taken to ensure that the claimants are reached out to and claims are settled expeditiously for the affected families,' LIC said. Similarly, Bajaj Allianz Life Insurance has established a dedicated special claims settlement desk to prioritise the processing of death and disability claims for its customers impacted by the tragedy. 'To simplify the process, Bajaj Allianz Life Insurance has listed a minimal documentation process that nominees, legal heirs, or policyholders need to submit to process their claims. In case the death certificate is not immediately available, a certificate issued by the municipal authority or hospital will also be accepted to initiate the claim process, along with nominee KYC and bank mandate,' the company said. According to HDFC Life, a claim can be initiated by nominees or legal heirs of policyholders by simply providing proof of death issued by the local government, police, or hospitals.
Time of India
13-06-2025
- Business
- Time of India
Air India crash: LIC, Bajaj Allianz relax documentation, fast-track claim settlements
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel In the wake of the tragic Air India plane crash that claimed 241 lives, the Life Insurance Corporation of India (LIC) on Friday announced a series of relaxations in its claim settlement process to assist the families of the victims. The move is aimed at expediting payouts and easing documentation requirements for grieving said it is committed to providing timely support and financial assistance to those affected by the crash of the London-bound Boeing 787-8 aircraft, which went down shortly after takeoff from Ahmedabad's Sardar Vallabhbhai Patel International Airport on Thursday."LIC has announced many concessions to mitigate the hardships of the claimants of LIC policies. In lieu of death certificates, any evidence in government records of death of the policyholder due to the plane crash or any compensation paid by central/state government /airline authorities will be accepted as proof of death," the insurer said in a state-run insurer added that all possible steps are being taken to proactively reach out to claimants and ensure quick processing of claims."All efforts will be taken to ensure that the claimants are reached out and claims are settled expeditiously to the affected families," it assistance, LIC has advised claimants to contact the nearest branch or division office, or reach out to its dedicated helpline at insurer Bajaj Allianz Life Insurance also announced similar steps to streamline the claim process. The company has set up a special claims settlement desk to prioritise death and disability claims linked to the tragedy.'With utmost urgency, an expeditious process has been established to swiftly settle these policy claims,' Bajaj Allianz Life Insurance said in a statement.'In response to this unfortunate incident,' the company added, 'it has activated special measures to assist families of its policyholders affected by the crash.'To reduce delays, Bajaj Allianz said it has simplified the documentation process for nominees, legal heirs, or policyholders to submit their Air India flight was carrying 242 people, including 169 Indians, 53 British nationals, seven Portuguese nationals, and one Canadian, when it crashed into a medical college complex moments after takeoff. Only one passenger survived.
