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Bajaj General Insurance, formerly Bajaj Allianz General Insurance, is one of India's leading private general insurers with a quarter century of underwriting history across motor, property, marine, engineering, liability and health lines.
Operating in the Indian market since 2001
Registered and headquartered in Pune
Bajaj Finserv group
Licensed general insurer regulated by IRDAI
Bajaj General Insurance, formerly Bajaj Allianz General Insurance, is one of India's leading private general insurers with a quarter century of underwriting history across motor, property, marine, engineering, liability and health lines. It is part of the Bajaj Finserv group.
We use Bajaj most for commercial motor fleets and SME property packages, where the Bajaj Finserv group's distribution and servicing footprint keeps day-to-day administration simple.
1.85% of claims decided were repudiated and 3.87% closed without payment; 98.56% of the claims paid were paid within three months of intimation. In FY2023-24 it paid 95.13% of claims decided. Ranked 6 of 24 general insurers on the share of claims paid. Source: IRDAI Handbook on Indian Insurance Statistics 2024-25, Table 53, published by IRDAI on 3 February 2026. Claim settlement ratio of every general insurer in India.
Solvency ratio 3.25 as at March 2025, against IRDAI's minimum of 1.50 (3.49 a year earlier): whether it could still pay after a very bad year. Solvency ratio of every insurer.
Market share: ₹21,417 crore of gross direct premium in FY2024-25, 7.0% of Indian general insurance, 3rd of 34 insurers by size. By line: fire ₹2,499 crore (10.3% of the market); marine ₹383 crore (7.0% of the market); motor ₹6,340 crore (6.4% of the market); health with PA and travel ₹8,043 crore (6.3% of the market). Market share of every insurer.
Health insurance claims: an incurred claims ratio of 90.0% in FY2024-25 (group 92.9%, retail 77.1%), against 87.0% for all health insurers. Incurred claim ratio of every insurer.
Policy wordings: every Bajaj General product in IRDAI's register, with its UIN and wording PDF. Bajaj General policy wordings.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Bajaj is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer. Headquarters photo: Bajaj Finserv head office, Pune — Bajaj Finserv, CC BY-SA 2.0, via Wikimedia Commons.
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