Annual Report 2011-2012 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 2011-12. During the financial year, Total assets of the Company stood at Rs. 394,485,970 million. The Company wrote new business of Rs. 27.2 billion during financial year 2011-12 compared to Rs. 34.7 billion in the previous year. The gross premium written for the financial year 2011-12 was Rs. 74.8 billion, as compared to Rs. 96.1 billion in the previous year, registering a negative growth. The Net Worth of the Company as at 31^st March 2012 was Rs 35.6 billion as against Rs. 22.5 billion at 31^st March 2011. The Company earned a profit of Rs. 12.5 billion during 2011-12, as compared to a profit of Rs. 9.6 billion in the previous year. The shareholders’ profit after tax stands at Rs. 13.1 billion (Previous Year Rs. 10.5 billion). The Company has accumulated profits of Rs 23.5 billion as at 31^st March 2012.

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