Annual Report 2007-2008 of Bajaj Allianz Life Insurance Company Limited

It is a broadly described annual report of Bajaj Allianz Life Insurance Company Limited in the year of 2007-08. During the financial year, Total assets of the Company stood at Rs. 136,286,786 million. The Company wrote new business of Rs. 66,745 million compared to Rs. 43,027 million in the previous year and registered a market share of 7.0% compared to 5.7% in the previous year. The gross premium written for the financial year 2007-08 was Rs. 97,253 million, as compared to Rs. 53,452 million in the previous year. The Company’s market share on an annualized new business premium basis grew from 7.4% to 10.3% in the year 2007-08. However business incurred a loss of Rs. 159 million during 2007-08, compared to a profit of Rs. 662 million in the previous year.

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