Annual Report 2016-2017 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 2016-17. During the financial year, Total assets of the Company stood at Rs. 493,998,054 Crore. The new business premiums grew by 14% to Rs. 3,290 Crore in 2016-17, rated new business premiums grew by 33% to Rs. 1,237 Crore in 2016-17, retail rated new business premiums grew by 41% to Rs. 1,010 Crore in 2016-17 and retail renewal premium grew by 3% to Rs. 2,685 Crore in 2016-17. The net worth of the Company on 31^st March 2017 was Rs. 8,476 Crores as against Rs. 7,631 Crores on 31^st March 2016. Profit after tax accordingly trailed at Rs. 836 Crores in FY2017 as compared to the profit of Rs. 879 Crores in FY2016. The accumulated profits of the Company included under Reserves and Surplus stood at Rs. 7,249 Crores at 31^st March 2017.

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