BAJAJ ALLIANZ PLANS FOR 20% INCOME FROM HEALTH PRODUCTS

Ujjaini Dasgupta, the Bajaj Allianz head of Health Insurance has reported that Indian assuror Bajaj Allianz Life, in which European insurer Allianz holds the maximum permitted stake of 26%, is planning to generate between 20% and 30% of its premium income from health insurance.

This would amount to about Rs 5bn a year in premiums ($123.4m), although it would be a minimum of Rp20bn by the group’s own projections. Sam Ghosh, the CEO of Bajaj Allianz Health has said that the company was also looking at pension-linked products for business in the rural market and for women. Bajaj Allianz Life is targeting premium income of some Rp86bn this year.