Shriram Life vs Bajaj Life Life Insurance 2026 | PolicyX
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COMPANY DETAILS ✎ Edit

Shriram Life

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Bajaj Life

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ 38 crores

Annual Premiums Collected (2024-25)

₹ 160.06 crore
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

Bajaj Life Insurance plans offer flexible payout options, allowing nominees to receive benefits as a
Claim ratio

Payout Options

98.31%%

Payout Options

99.66%%
Solvency Ratio

Solvency Ratio

2.62

Solvency Ratio

2.69
Pan India Presence

Pan India Presence

537

Pan India Presence

598
Riders Available

Riders Available

Critical Illness Plus Rider, Accident Benefit Rider, Family Income Benefit Rider, Shriram Extra Insurance Cover Rider, Premium Waiver Riders, Term Conversion Rider, Long-Term Care Rider

Riders Available

Bajaj Life Insurance claim forms are available for download on their official website or can be obtained from any Bajaj Life Insurance branch office.
Inception year

Inception year

-

Inception year

27,160.06 cr
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

-

Complaint ratio per ₹1 crore of premium collected

2001
Average claim settlement time

Average claim settlement time

-

Average claim settlement time

-
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Bajaj Life Insurance Plans

Bajaj Life Insurance Plans

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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