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Should I be worried about Bajaj Allianz Life if they split?

Milind Vadjikar | Answer |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Mar 19, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Question by Nitin on Mar 19, 2025Hindi

My age is now 35. 2yrs befor I have taken Bajaj Allianz Life insurance term plan of 1 cr I am paying 10yrs (35000/yr) premium period and covered till age of 75yrs.My concern is if bajaj group and Allianz group going to separate then how they transfer benefits of insurance if any policy holder claim and what affects on policy holders. Kindly covers advantages and disadvantages for policy holders

Ans: Hello;

Recently GOI announced 100% FDI in the insurance sector.

Allianz had non-controlling stake in Bajaj Finserv owned insurance companies.

It may have plans to re-enter Indian Insurance sector either on its own or through tie-up with some other partner but retaining controlling stake.

However these developments do not have any impact on the policy holders of Bajaj group insurance companies.

The companies are well capitalized and earning profit so you shouldn't worry about these aspects.

Previously Exide Life was taken over by HDFC Life and honoured all policies of Exide without any issue.

Hope this helps.

Best wishes;

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