2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bajaj Insurance
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Aviva Insurance
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TATA AIIA Insurance
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HDFC Life Insurance
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Detailed explanation-1: -What is Pro-Fit? Pro-Fit is an online portal rolled out by Bajaj Allianz with the aim to encourage our customers to stay healthy and fit.
Detailed explanation-2: -The embedded value of the company at FY2021 stood at ₹ 15, 534 crore up from ₹ 13, 438 crore at FY2020.
Detailed explanation-3: -Bajaj Allianz Life continues to grow rapidly with a 49.4% uptick in the IRNB premium, while the industry grew by 15.7% and the private life insurers’ growth stood at 21.9% in FY2022 . The company’s regular premium average ticket size also elevated to Rs. 77, 634 in FY2022 from Rs.
Detailed explanation-4: -The net-worth of the Company as at 31 March 2022 was ₹ 10, 939 crore as compared to ₹ 10, 735 crore as at 31 March 2021. The accumulated profits of the Company stood at ₹ 9, 264 crore as at 31 March 2022 as compared to ₹ 9, 076 crore as at 31 March 2021.
Detailed explanation-5: -The claim settlement ratio of Bajaj Allianz Life Insurance is 98.48% for the financial year 2021-22 as per IRDAI Annual Report. This is considered a high CSR which means for every 100 claims received, 98 claims are settled.