Bajaj Allianz Life introduces post-retirement fund guarantee plan
The plan is designed to fill the gap of the pension needs of various categories of people, which has nine different variants in the offing, says Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance on Wednesday launched an insurance plan offering a guaranteed regular deferred annuity during post-retirement life.
There is a funding gap in the post-retirement life and lots of people will not be earning but would need funds, so this is a grave issue that needs to be addressed, said Bajaj Allianz Life MD and CEO Tarun Chugh while announcing the launch of Bajaj Allianz Life Guaranteed Pension Goal plan.
NSE-BSE bulk deals: SBI MF buys stake in Esab India and other deals
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Last Updated: Feb 19, 2021, 08:44 PM IST
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Synopsis
Bajaj Allianz Life Insurance sold 400,000 shares of Esab India at Rs 1,865 apiece through a bulk deal on the NSE.
Reuters
Prior to the stake sale, Bajaj Allianz Life Insurance held 2.69 per cent stake in the company.
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NSE
MUMBAI: SBI Mutual Fund bought 341,733 shares or 2.22 per cent stake in
Esab India at Rs 1,865 per share through a bulk deal on the National Stock Exchange.
In a separate deal, Bajaj Allianz Life Insurance sold 400,000 shares of Esab India at Rs 1,865 apiece through a bulk deal on the NSE. Prior to the stake sale, Bajaj Allianz Life Insurance held 2.69 per cent stake in the company.
6 tax-benefits of ULIPs that every smart investor should know about
A ULIP is an investment product that offers you the dual benefits of life insurance and market linked wealth accumulation. IMPACT FEATURE February 16, 2021 | Updated 14:20 IST
Bajaj Allianz Life Insurance
With just over two months left in the current financial year, it is that time when many of us sit back to determine our tax liability. It is time to check whether we have done enough to optimize our tax outgo and maximize our tax savings. More often than not, many people discover that there is still some room left to make those last minute investments in order to reduce their tax outgo. The reason that tax optimization is the smart thing to do is that it not only saves you some money in the present in the way of tax savings, it can also help you build wealth for your future financial goals if you choose the right investment instrument.
Shares of Bajaj Finserv hit a fresh 52-week high of Rs 10,113, up 4 per cent on the BSE in the intra-day trade on Monday. The stock of the holding company for various financial services businesses of the Bajaj Group surpassed its previous high of Rs 9,996.75, touched on February 2, 2021. Besides, it was also trading close to its all-time high level of Rs 10,297, hit on December 18, 2019.
In the past six trading days, the stock has rallied 16 per cent after the government proposed to increase foreign direct investment in the insurance sector to 74 per cent, a move aimed at attracting overseas players. In comparison, the S&P BSE Sensex was up 11 per cent during the same period.
How Bajaj Allianz Life’s agency channel revved up to face pandemic woes
January 31, 2021
Sameer Joshi, Chief Agency Officer, Bajaj Allianz Life Insurance,×
Agency channel grew 23 per cent in December 2020, says Chief Agency Officer Joshi
A strong show by its agency channel in December 2020 has raised the confidence of Bajaj Allianz Life Insurance over meeting its last fiscal year performance despite the Covid-induced lockdown challenges impacting business during 2020-21, a top official said.
In December 2020, the agency channel recorded 23 per cent growth in Rated New Business at ₹131 crore as compared to ₹107 crore in same month in previous year. This is even as there was de-growth of about 12 per cent in the agency channel’s contribution during April - December 2020. In terms of the number of policies, there was a year-on-year growth of 10 per cent for the agency channel in December 2020, largely due to increased demand for term policies.