What is Bajaj Allianz General claim settlement ratio?

Bajaj Allianz General Insurance's claim settlement ratio is 87.91% for FY 2023-24, sourced from IRDAI annual reports.

Is Bajaj Allianz General reliable for claim settlement?

Bajaj Allianz General Insurance has a 87.91% CSR (FY 2023-24), below the industry average of ~90%. Compare alternatives before buying.

How to file a claim with Bajaj Allianz General?

To file a claim with Bajaj Allianz General Insurance: (1) Notify the insurer within the stipulated time frame, (2) Submit claim form with required documents, (3) The insurer must settle within 30 days per IRDAI guidelines. Contact the insurer's toll-free number or visit their branch for assistance.

General Insurance · IRDAI Data

Bajaj Allianz General Insurance

Bajaj Allianz General Insurance is a joint venture between Bajaj Finserv and Allianz SE, Germany's largest insurance group. Founded in 2001, it is one of India's largest private sector general insurers with 4,000+ network garages and 8,500+ cashless hospitals. Its Health Guard plan is among the most popular comprehensive health plans in India for individuals and families.

GENERALICR 87.91% · FY2023-24Pune

ICR FY2023-24

87.9%

28,140 settled

Pros & Cons

Pros

✓Allianz SE backing — one of world's top 3 insurance groups
✓8,500+ cashless hospitals — strong network depth
✓4,000+ network garages — solid motor claim coverage
✓Health Guard: no room rent sub-limit option, no pre-policy check-up up to 45 years
✓Bajaj Finserv distribution — accessible across India via Bajaj Finance branches

Cons

✕Health CSR below top standalone health insurers
✕Some Health Guard plans have co-pay for policyholders above 61
✕Premium loading post-claim can be significant

Complaint Data

Complaints / 10K

12.1

FY2022-23

Grievance Disposal

98.4%

How does Bajaj Allianz General compare?

Side-by-side CSR, complaints, and grievance data.

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