Allianz Bajaj Life Insurance Company Ltd achieved a new milestone when it sold its 200,000th policy on August 27, 2003, within 23 months of the commencement of its operations in October 2001.

This has made Allianz Bajaj only the second private life insurer in the country to achieve this success.

Commenting on this, James Walton, CEO of Allianz Bajaj said, "This is truly a landmark achievement for us, especially when we take into account the pace at which we have done it. A key to this success has been our emphasis on market development and aggressive penetration."

"The training imparted to the sales force coupled with need-based selling has enabled us to develop this large and rapidly growing, satisfied customer base. I am confident we will continue to improve our market share while providing world-class service and sound value propositions through our products," said Walton.

Allianz Bajaj Life Insurance commenced its operations in October 2001 and is today present in 34 locations with 63 Customer Care Centers (branches). By the close of the current fiscal year on 31 March, 2004, Allianz Bajaj will establish its network in 50 locations through nearly 100 branches to capitalize on a truly pan-Indian presence.

Allianz Bajaj Life Insurance Company has developed insurance solutions that cater to every segment and age-income profiles. Its products include InvestGain (a unique life insurance plan where sustenance of income is combined in the same plan that also pays a lump sum), Cash Care (Money Back), Child Care (Children’s plan), Risk Care (Pure Term), Lifetime Care (whole life), Term Care (term with return of premium) and Swarna Vishranti (Retirement Plan).

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