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Private company

Bajaj Life Insurance

Logo: Bajaj Life, CC BY-SA 4.0, via Wikimedia Commons3

Indian life insurance company

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 1926.2 It is part of Bajaj Finserv.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2001Founded1

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Bajaj Life Insurance (formerly known as Bajaj Allianz Life Insurance Company Limited) is an Indian life insurance company headquartered at Pune, Maharashtra.2

Corporate structure

Bajaj Life Insurance is part of a group headed by Bajaj Finserv. 35 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Bajaj Finserv Pune, India
    • Bajaj Finance Pune, India
      • BAJAJ FINANCIAL SECURITIES LIMITED Subsidiary · Pune, India
      • BAJAJ HOUSING FINANCE LIMITED Subsidiary · Pune, India
    • Bajaj Life Insurance Mahārāṣṭra
    • BAJAJ ASSET MANAGEMENT LIMITED Subsidiary · 100% · Pune, India
      • BAJAJ FINSERV MULTI ASSET ALLOCATION FUND Fund · 100% · Pune, India
      • BAJAJ FINSERV ARBITRAGE FUND Fund · Pune, India
      • BAJAJ FINSERV BALANCED ADVANTAGE FUND Fund · Pune, India
      • BAJAJ FINSERV BANKING AND FINANCIAL SERVICES FUND Fund · Pune, India
      • BAJAJ FINSERV BANKING AND PSU DEBT FUND Fund · Pune, India
      • BAJAJ FINSERV BSE TOP 10 BANKS ETF Fund · Pune, India
      • BAJAJ FINSERV CONSUMPTION FUND Fund · Pune, India
      • BAJAJ FINSERV EQUITY SAVINGS FUND Fund · Pune, India
      • BAJAJ FINSERV FLEXI CAP FUND Fund · Pune, India
      • BAJAJ FINSERV GILT FUND Fund · Pune, India
      • BAJAJ FINSERV HEALTHCARE FUND Fund · Pune, India
      • BAJAJ FINSERV LARGE AND MID CAP FUND Fund · Pune, India
      • BAJAJ FINSERV LARGE CAP FUND Fund · Pune, India
      • BAJAJ FINSERV LIQUID FUND Fund · Pune, India
      • BAJAJ FINSERV LOW DURATION FUND Fund · Pune, India
      • BAJAJ FINSERV MONEY MARKET FUND Fund · Pune, India
      • BAJAJ FINSERV MULTI CAP FUND Fund · Pune, India
      • BAJAJ FINSERV MUTUAL FUND Fund · Pune, India
      • BAJAJ FINSERV NIFTY 1D RATE LIQUID ETF - GROWTH Fund · Pune, India
      • BAJAJ FINSERV NIFTY 50 ETF Fund · Pune, India
      • BAJAJ FINSERV NIFTY 50 INDEX FUND Fund · Pune, India
      • BAJAJ FINSERV NIFTY BANK ETF Fund · Pune, India
      • BAJAJ FINSERV NIFTY NEXT 50 INDEX FUND Fund · Pune, India
      • BAJAJ FINSERV OVERNIGHT FUND Fund · Pune, India
      • BAJAJ FINSERV SMALL CAP FUND Fund · Pune, India
    • BAJAJ FINSERV DIRECT LIMITED Subsidiary · 80.1% · Pune, India
      • BAJAJ TECHNOLOGY SERVICES INC Subsidiary · Dover, Delaware, United States
    • BAJAJ GENERAL INSURANCE LIMITED Subsidiary · 74% · Pune, India
    • BAJAJ LIFE INSURANCE LIMITED Subsidiary · 74% · Pune, India

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Founded by Jamnalal Bajaj in 2001.1

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.

In July 2026, the company's assets under management crossed Rs. 1,43,744 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.

The Bajaj Group now owns 100% post the Allianz exit from the partnership.

From Wikipedia’s article on Bajaj Life Insurance, shared under CC BY-SA 4.0.4

Leadership

Who has led Bajaj Life Insurance, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • endowment policy
  • life insurance
  • term life insurance
  • unit-linked insurance plan
  • whole life insurance

Listed on Wikidata.1

In June 2023, Bajaj Life opened its first representative office for servicing NRI Policyholders in Dubai. Till 2023 it expanded its operation to Dubai and the GCC region.

From Wikipedia’s article on Bajaj Life Insurance, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

From Wikidata.1

Timeline

  1. 2001Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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