Bajaj Allianz bags Bloomberg UTV Financial Leadership Awards

Company Brief

Pune, April 5, 2011

Bajaj Allianz has bagged awards in multiple categories of recently announced Bloomberg UTV Financial Leadership Awards 2011 at Mumbai. Bajaj Allianz General Insurance has been awarded 'General Insurer of the Year-Private Sector', while Bajaj Allianz Life Insurance along with Bajaj Allianz General Insurance was recognized for 'Best contribution in Investor Education and Category Enhancement of the year' in insurance.

Hon. Finance Minister Mr. Pranab Mukherjee presented the awards to Mr. Hemant Kaul, MD & CEO, V Jeyaraman, Chief Financial Officer and Milind Choudhari, VP-Finance of Bajaj Allianz General Insurance and V Philip, CEO and A S Narayanan, Chief Distribution Officer of Bajaj Allianz Life Insurance.

Commenting on this achievement, Hemant Kaul, MD & CEO, Bajaj Allianz General Insurance said, "This award is in recognition of our customer service levels as well as our core business philosophy, which strongly emphasizes growth with profitability. We are grateful to our 3.5 crore customers who have reposed their trust in Bajaj Allianz over the last several years."

V Philip, CEO, Bajaj Allianz Life Insurance said, "The award appreciates our superior fund performance and transparency with investors. We continuously make efforts to educate investors using innovative publicity materials and have put in place initiatives like sharing fund value in the renewal notices and sending renewal reminders in 11 regional languages, to enhance customer service. We believe an informed customer will help us to grow our business as they will continue to remain with us and bring in more customers."

Bloomberg UTV Financial Leadership Awards have been instituted to acknowledge extraordinary contribution of the country's financial sector. Bajaj Allianz was shortlisted by an eminent panel of jury members on the basis of a detailed methodology and nomination process. Bloomberg UTV Jury panel included the stalwarts of the Indian financial sector, who evaluated various financial, operational and qualitative aspects of the company's performance with help of ICRA. The jury of experts included Jahangir Aziz, Chief Economist, JP Morgan, Abheek Barua, Chief Economist, HDFC Bank, Dr. Chiragra Chakrabarty, Director-Financial Advisory, Deloitte Touche Tohmatsu India Private Limited, Shailesh Haribhakti, Chairman, BDO Consulting Pvt. Ltd., Ashvin Parekh, Partner-National Leader, Global Financial Services, Ernst & Young P. Ltd., Jairaj Purandare, Executive Director, Markets & Industries Leader/Financial Services Leader, PricewaterhouseCoopers P. Ltd., Karthik Srinivasan, Co-Head-Financial Sector Ratings, ICRA Ltd., and L. Shivakumar, Sr. Group VP & Head - Western Region, ICRA Ltd.

For further information, please contact:

Blue Lotus Communications

Rochelle

Mobile: +919832263379

Email: rochelle@bluelotuspr.com