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Bajaj Allianz General Insurance

97.3Score

★★★★☆4.0

Customer satisfaction · 10.0M members

IRDAI: 97.32% Claim Settlement Ratio(2026)

Bajaj Allianz is India's second-largest private general insurer, a joint venture between Bajaj Finserv (74%) and Allianz SE (26%). It combines global insurance expertise with strong domestic distribution, achieving a 97.32% claim settlement ratio.

Overall Score

97.3/100

Founded

2001

Headquarters

Pune

Type

private

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Key Metrics

Claim Settlement Ratio

97.32%

Network Hospitals

6,440+

Market Share

7%+ (2nd largest private general insurer)

Parent Companies

Bajaj Finserv (74%) + Allianz SE (26%)

Editorial Ratings

IRDAI: 97.32% Claim Settlement Ratio(2026)

Rating: CSR 97.32% (FY 2025-26); 3-year avg 96.78% (max: 100%)

97.3IRDAI

Coverage Highlights

✓Joint venture with Allianz SE — global insurance expertise
✓6,440+ cashless network hospitals
✓Strong digital and mobile-first approach
✓Comprehensive product range including critical illness
✓Wellness programs and health incentives

Pros

✓Strong claim settlement ratio (~97%)
✓Global insurance expertise via Allianz partnership
✓Good value-for-money plans
✓Robust digital claims platform

Cons

✗Network hospital count (6,440) lower than competitors
✗Some plans have waiting periods for pre-existing conditions
✗Branch network not as extensive as some competitors

Frequently Asked Questions

What is Bajaj Allianz's claim settlement ratio?

Bajaj Allianz has a claim settlement ratio of 97.32% for FY 2025-26, with a 3-year average of 96.78%.

Who owns Bajaj Allianz?

Bajaj Allianz is a joint venture between Bajaj Finserv (74% stake) and Allianz SE of Germany (26% stake), combining local distribution strength with global insurance expertise.

How many cashless hospitals does Bajaj Allianz have?

Bajaj Allianz has 6,440+ cashless network hospitals across India.

Does Bajaj Allianz cover critical illness?

Yes. Bajaj Allianz offers comprehensive product ranges including critical illness plans, in addition to standard health insurance and family floater plans.

Quick Summary

InsurerBajaj Allianz General Insurance

Country🇮🇳 India

Overall Score97.3/100

Satisfaction4.0/5

Members10.0M

Typeprivate

Founded2001

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