Bajaj Finserv rebrands insurance arms after Allianz exit

Core Insights - Bajaj Finserv has rebranded its insurance businesses to Bajaj General Insurance and Bajaj Life Insurance, emphasizing its commitment to Indian customers with the campaign "100% Bajaj. Made in India. Made for India. Made by India" [1][3] - The rebranding follows the exit of Allianz, which has partnered with Jio Financial Services for new ventures in insurance, marking a significant shift in ownership structure [1][3] - Bajaj Finserv reported consolidated revenue of Rs 1,33,822 crore for FY2024-25 and serves over 308 million customers through a diversified financial services portfolio [2][3] Company Developments - The joint venture agreements with Allianz SE will conclude once the first tranche of acquisition, at least 6.1%, is completed, transitioning Allianz from promoter to investor status [2][3] - The insurance arms have been operational for nearly 25 years, providing life, health, and asset protection solutions while increasingly utilizing technology and AI to enhance customer engagement [1][3] Strategic Vision - Sanjiv Bajaj, chairman & MD, articulated that the rebranding is not just a name change but a reflection of Bajaj Finserv's vision to empower every Indian while ensuring financial protection [1][3] - The company aims to build responsible businesses that resonate with the ethos of being "Made in India. Made for India. Made by India" [1][3]