Annual Report 2008-2009 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 2008-09. During the financial year, Total assets of the Company stood at Rs. 175,788,114 million. The Company wrote NB of Rs. 44.9 billion compared to Rs. 66.7 billion in the previous year registering a negative growth rate of 32.7%. The gross premium written for the financial year 2008-09 was Rs. 106.2 billion, compared to Rs. 97.2 billion in the previous year, registering a growth of 9.2%. The annualized new business premium (considering single premium @10% and first-year premium @100%) registered a negative growth of 32% from Rs 59.9 billion in the previous year to Rs 40.6 billion in the current year. The Company earned a profit of Rs. 448 million during 2008-09, as compared to a loss of Rs. 159 million in the previous year.

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