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Research Article | Open Access
Volume 4 | Issue 4 | Year 2017 | Article Id. IJEMS-V4I4P106 | DOI : https://doi.org/10.14445/23939125/IJEMS-V4I4P106

Evaluating the growth and performance of Bajaj Allianz Life Insurance Company Ltd since Privatization

Shilpa Agarwal, A. K. Mishra

Citation :

Shilpa Agarwal, A. K. Mishra, "Evaluating the growth and performance of Bajaj Allianz Life Insurance Company Ltd since Privatization," International Journal of Economics and Management Studies, vol. 4, no. 4, pp. 31-38, 2017. Crossref, https://doi.org/10.14445/23939125/IJEMS-V4I4P106

Abstract

Change is an eternal law of nature.Everything change according to the need and time.Economic growth and social development in present scenario is due to the sudden change in the industrial policy and economic planning. Liberalization, Privatization and Globalization became the basic mantra after 1991. In the row of privatization of life Insurance industry, Bajaj Allianz Life Insurance Company Ltd. was one of the pioneer private life insurance company commenced its business in India in the year 2001 and was a joint venture between Bajaj Finserv Ltd. and Allianz SE. This paper is aimed at understanding the growth and financial performance of Bajaj Allianz Life Insurance Co.Ltd.as this is the one of the leading private insurance companies amongst the many which have become an integral part of private service system and recognized as a corner stone of a country’s financial health and symbol of progress since privatization.

Keywords

Insurance, Liberalization, Privatization, Globalization, Joint Venture.

References

1. Sudarsan Reddy,C.Mohana Reddy, P. Sivarami Reddy, “Liberalization of Insurance: Opportunities and Challenges”. The Insurance Times, March, 2004, Vol. XXIV No.3, pp 98- 102.
2. Rao G.V.,”Insurance Prospects and Challenges in the Global Scenario”, Federation of Afro-Asian Insurance and Re- Insurance, Issue No. 42, Dec 2006, pp 45-54.
3. Sabera(2007),Journal of Insurance Chronical, Vol. VII, Issue I, Jan 2007,pp 37.
4. Annual reports ofBajaj Allianz Life Insurance Co. Ltd.from 2007-08 to 2012-13.
5. Annual reports of IRDA.
6. Website of Bajaj Allianz Life Insurance Co. Ltd.