Bajaj Allianz Life creates milestone by crossing Rs 70,000 crores Assets Under Management

13-01-2021

Kolkata, Jan 13 (UNI) Bajaj Allianz Life, one of India’s leading private life insurers, achieved a significant milestone by crossing Rs. 70,000 crores of Assets Under management (AUM) as on 31st December 2020.

This is a significant milestone for the Company as it has recorded a steady growth amidst the uncertainty due to the pandemic. With value-add product innovations and meaningful improvements across customer services, the Company has seen a significant growth of 79% in its AUM in the last ten years and recorded Rs 70,295 crore AUM as on YTD December 2020.

Mr. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance said, “This milestone is a reflection of the customers’ trust in the brand, and the collective efforts of the team to ensure that our customers’ life goals are on track, pandemic or no pandemic. Our experts within the investment team have also ensured that despite the fluctuations in the markets due to COVID-19, our funds continued to deliver strong risk-adjusted returns. I am confident that in the new calendar year, with all the learnings from last year and the new business environment that has emerged, we will only strengthen the trust amongst our customers and emerge a more trusted brand.”