Kolkata:
The growing demand for unit-linked insurance plans has
prompted Bajaj Allianz Life to introduce a unitised variant
of its existing pension product. It will now work towards
fresh products, at least one of which will be aimed at
women.
The
company, according to Sam Ghosh, ceo, will set up new
branches as part of its expansion plan. The company has
already worked out bancassurance and corporate agency
relationships. Its bancassurance partners are Standard
Chartered Bank, Centurion Bank and Syndicate Bank.
The
new products introduced by it have helped bring in over
Rs180 crore gross written premium this fiscal. This has
enabled the company to occupy the third slot (among private
sector outfits) in the industry on this front, according
to IRDA figures pertaining to June 2004.
Ghosh
told newspersons that the eastern market was important,
especially because of its growing contribution to the
company's overall performance.
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