Annual Report 2013-2014 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 2013-14. During the financial year, Total assets of the Company stood at Rs. 392,640,450 million. The Company wrote new business of Rs. 2,592 Crores during the financial year 2013-14 compared to Rs. 2,988 Crores in the previous year, registering a de-growth of 13.25%. The gross premium is written, which includes renewal premiums in addition to new business premiums, for the financial year 2013-14 was Rs. 5,843 Crores, as compared to Rs. 6,892 Crores in the previous year, registering a 15.2% de-growth. The Company earned a profit in the Policyholder’s account, of Rs. 649 Crores during 2013-14, as compared to a profit of Rs. 862 Crores in the previous year. The shareholders’ profit after tax was Rs. 1,025 Crores (Previous Year Rs. 1,286 Crores).

The Company has accumulated profits included under Reserves and Surplus, of Rs. 4,660 Crores as at 31^st March 2014.

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