INSUBCONTINENT EXCLUSIVE:
General Insurance and Bajaj Allianz Life Insurance.
Allianz, which once considered pulling out of the joint venture with Bajaj, earned
dividend of Rs 56.09 crore for the previous financial year from the two companies.
The two Bajaj group companies have built scale and are
Bajaj Allianz General Insurance paid a dividend of Rs 81.57 crore to Bajaj and Rs 28.66 crore to Allianz
been declared only for FY2018 at 1% of the base sum assured that is payable at the time of claim.
As per the 2001 agreement between Bajaj
Auto and Allianz, the German insurer had the call option to increase its stake in the life insurance joint venture from 26% to 74% at a
pre-determined price and from 26% to 50% in the general insurance business.
However, Reserve Bank of India rules on fair value have led to
differences between the two partners
In 2010, the RBI and later the insurance regulator directed that all stake transactions are to be carried out at a fair value or at the
