Annual Report 2012-2013 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 2012-13. During the financial year, Total assets of the Company stood at Rs. 383,373,816 million. The Company wrote new business of Rs. 29.9 billion during the financial year 2012-13 compared to Rs. 27.2 billion in the previous year, registering a 10% growth. The gross premium written for the financial year 2012-13 was Rs. 68.9 billion, as compared to Rs. 74.8 billion in the previous year, registering a 7.9% degrowth. The company earned a profit in the Policyholders’ account, of Rs. 8.6 billion during 2012-13, as compared to a profit of Rs. 10.1 billion in the previous year. The shareholders’ profit after tax was Rs. 12.8 billion (Previous Year Rs. 13.1 billion). The Company has accumulated profits included under Reserves and Surplus, of Rs. 36.4 billion as at 31^st March 2013.

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