Private life insurance company Bajaj Allianz has registered a growth of 72 per cent in new business premium in Punjab during the first half of the current fiscal, said a company official on Wednesday.
The individual new business premium income was recorded at Rs 25 crore in first half of 2018-19 as compared to Rs 15 crore for the same period last year, company's Chief Agency officer Manish Sangal said here.
"Bajaj Allianz has taken several initiatives this year towards ensuring the life goals of customers. These include introducing innovative and value-packed products, technological interventions to further increase customer delight and expanding customer touch points. We are confident that these initiatives will enable many more people to enjoy the living benefits of life insurance and help us strengthen our market position as life goal enablers," Sangal added.
"Punjab and Haryana continue to be our key markets, clocking a healthy growth over the years. We will further strengthen our presence in the states to ensure the life goals of many more Indians," he said.
(With inputs from agencies.)