Bajaj Allianz CSR

  • CSR of the Company
  • Types of Claims
  • Claim Filing Process
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*



Bajaj Allianz Life Insurance Claim Settlement Ratio

The claim settlement ratio (CSR) is a pivotal measure that evaluates an insurance company's ability to settle claims during a specific period. It represents the proportion of claims resolved by the insurer concerning all claims received over the same timeframe. The CSR is derived by dividing the total number of claims granted by the total number of claims submitted.

A high CSR indicates that an insurance provider has a track record of fulfilling its obligations to policyholders as per the policy's terms and settling claims efficiently. As a policyholder, it is essential to verify an insurance company's CSR before buying a policy to ensure that it is trustworthy and financially secure. Opting for an insurer with a high CSR can provide policyholders with a sense of security.

Bajaj Allianz Life Insurance Claim Settlement Ratio

As per IRDAI, Bajaj Allianz Life Insurance Claim Ratio is 99.04%. Bajaj Allianz is a leading general insurance company in India, established as a joint venture between Bajaj Finserv Limited and Allianz SE, a global financial services company. The company has a strong distribution network that includes over 700 branches, more than 80,000 agents, and several bank partnerships.

The claim settlement ratio (CSR) of Bajaj Allianz indicates the percentage of claims settled by the insurer against the total number of claims received in a financial year. As per the IRDAI's (Insurance Regulatory and Development Authority of India) annual report for the financial year 2021-22, Bajaj Allianz claim settlement ratio is 99.04%.

Types of Bajaj Allianz Claim Settlement Process

A policyholder or the policyholder's nominee may submit claims in a number of different methods. Depending upon their convenience, they can opt to have their claims handled offline or online. A claim can be submitted in the following methods by an insured party:

  • Online Claims
  • Offline claim (Branch visit or via post)

Other Life Insurance Claim Settlement Ratio

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Steps Involved in Bajaj Allianz Claim Process

Step 1: Intimation of the claim to the insurance company

The first and foremost step is to report the claim. The policyholder or the nominee can report the claim using any of the mentioned processes as per their convenience.

  • Submit the online claim by visiting the official website, click on the ‘claim reporting’ button on the homepage and fill in the required details in the form such as policy number, name, date of birth, etc to generate and download the form.
  • Claimants can also reach out through Email at and intimate the Bajaj Allianz team about the claim.
  • The claimant can also opt for an offline course where they would have to visit the nearest Bajaj Allianz branch with the claim form and the documents or post them to the branch office.

Mandatory Documents to be submitted:

  • Name of the claimant
  • Name of the life assured
  • Policy document (original)
  • Maturity Discharge Voucher
  • Date of death/event of the life assured
  • Cause of death/event
  • Contact details
  • Current address proof of the claimant
  • Photo ID proof
  • Claimant’s valid bank passbook/statement or cancelled cheque with pre-printed name and bank account number
  • Succession certificate (in case of absence of a nominee)

Step 2: The team carefully reviews the claimant's details after receiving it, and they personally help the claimant at each step. The team may also request specific additional documents if they are required for the claim's investigation. The team will give updates on the claim status via SMS or call. As a claimant you can also check the status of the claim through the website.

Step 3: The company carefully reviews all the claim-related documents before approving and making a decision on the claim. As soon as the claim is accepted, the nominee or policyholder is notified of the claim payout.

Life Insurance Articles

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

Bajaj Allianz Life Insurance CSR: FAQs

1. What is Bajaj Allianz claim ratio for the financial year 2021-22?

The claim settlement of Bajaj Allianz life insurance for the year 2021-2022 is 99.04%.

2. What are the types of claims settlement processes offered by Bajaj Allianz life insurance?

There are various types of claims settlement processes offered by Bajaj Allianz life insurance, they are - online claims, offline claims and claims through Email.

What Our Customers Have to Say

Customer Review Image

Rahul kumar


February 16, 2024

Peace of mind during uncertain times"- i had query regarding my lic term, so i decided to talk with advisor. I had resolved all my queries regarding same.

Customer Review Image

Neha negi


February 16, 2024 is a Top-notch insurance provider. Competitive rates and excellent coverage options.feels very satisfied with my recent purchase of aagon life insuance

Customer Review Image

Anupam yadav


February 16, 2024

Excellent customer service of They guided me through the entire process of bajaj allianz life insurance and found me the best plan with good coverage under my budget

Customer Review Image

Sneha srivastva


February 16, 2024 have a Efficient support team. Had a claim settled promptly for my india first life insurance with no hassle. Trustworthy company for all your insurance needs

Customer Review Image

Sachin sharma


February 16, 2024

Smooth experience from quote to claim for my hdfc life insurance, i honestly Impressed with their professionalism and transparency. Definitely is my go-to insurance provider.

Customer Review Image

Rakesh kumar


February 16, 2024

Great service! Quick claim processing for my sbi life insurance, Highly recommend for reliable insurance coverage at competitive rates.

Customer Review Image

Sunil Sharma


February 16, 2024

Responsive and knowledgeable agents"-i recently has a question regarding my kotak mahindra life insurance policy, a advisor name koushik from had patienly answered all my inqu...

Customer Review Image

Vaibhav gupta


February 16, 2024

Recently I turned 18 years old, and the first thing that comes to mind is to opt for a term plan. So I visited for a better understanding, and an advisor named Vishal properly under...

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of Insurance Web Aggregator.