Annual Report 2014-2015 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 2014-15. During the financial year, Total assets of the Company stood at Rs. 436,158,284 million. The new business premium for the Company for FY 2015 was Rs. 2,702 Crore as compared to Rs. 2,592 Crore in FY 2014, a growth of 4.2%. Renewals for FY 2015 were Rs. 3,315 Crore as compared to Rs. 3,251 Crore for FY 2014. GWP for FY2015 was Rs. 6,017 Crore as compared to Rs. 5,843 Crore for FY 2014. The Company’s expenses were lower by 10.7% at Rs. 1,346 Crore for FY 2015 down from Rs. 1,508 Crore in FY 2014. Ther Company earned a profit after tax of Rs. 876 Crore as compared to the profit of Rs. 1,025 Crore in FY 2014.

The accumulated profits of the Company included under Reserves and Surplus stood at Rs. 5,533 Crore at 31^st March 2015.

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