Annual Report 2015-2016 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 2015-16. During the financial year, Total assets of the Company stood at Rs. 443,590,898 million. The new business premium for your Company for FY2016 was Rs. 2,885 Crore as compared to Rs. 2,702 Crore in FY2015, a growth of 6.8%. The Company recorded renewal premiums of Rs. 3,103 Crore in FY2016 as compared to Rs. 3,315 Crore in FY2015. Gross written premium for FY2016 was Rs. 5,897 Crore as compared to Rs. 6,017 Crore for FY2015, which is a fall of 2%. The Company earned a profit after tax of Rs. 879 Crore as compared to the profit of Rs. 876 Crore in FY2015.

The accumulated profits of the Company included under Reserves and Surplus stood at Rs. 6,412 Crore at 31^st March 2016.

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