Bajaj Finserv stock jumps after gross direct premium soars in December

The company says its subsidiary, Bajaj Allianz General Insurance Company Limited, saw a jump of 17.8 per cent from Rs 1209  crore to Rs 1425 crore in its gross direct premium in December. The subsidiary's premium up to the month of December 2023 was at Rs 15,540.13 crore. 

Bajaj Finserv stock jumps after gross direct premium soars in December
Bajaj Finserv said that Bajaj Allianz Life Insurance's total premium income jumped by 3.5 per cent to Rs 962 crore from Rs 929 crore. Photo: File/Representational

Bajaj Finserv Share Price: Bajaj Finserv shares were trading higher in morning deals on BSE on Tuesday (January 9, 2024) after the insurance company saw a jump in its gross direct premium and total premium in the month of December. 

The stock of the company was trading higher by 0.61 per cent, or Rs 10.35, at Rs 1707.05 at 10:20 am on Tuesday.

What Bajaj Finserv December update says

The company says its sunsidiary, Bajaj Allianz General Insurance Company Limited, saw a jump of 17.8 per cent from Rs 1209  crore to Rs 1425 crore in its gross direct premium in December.

The subsidiary's premium up to the month of December 2023 was at Rs 15,540.13 crore. 

Bajaj Finserv said that its subsidiary's, Bajaj Allianz Life Insurance, total premium income jumped by 3.5 per cent to Rs 962 crore from Rs 929 crore. 

The subsidiary's individual single premium for December was Rs 48.35 crore while individual non-single premium was Rs 634.48 crore.

Its group single premium was Rs 200.37 crore while its group yearly renewable premium was Rs 78.31 crore.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/photo-gallery-rs-3500-monthly-sip-for-35-years-vs-rs-35000-monthly-sip-for-16-years-which-can-give-you-higher-corpus-in-long-term-compound-interest-benefits-mutual-fund-return-calculator-retirement-planning-334249

Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-how-soon-will-monthly-sip-of-rs-11000-reach-rs-8-crore-corpus-target-retirement-financial-planning-with-sip-calculator-334296

Power of Compounding: How soon will monthly SIP of Rs 11,000 reach Rs 8 crore corpus target?

https://www.zeebiz.com/personal-finance/news-rs-1111-monthly-sip-for-40-yrs-11111-for-20-yrs-or-22222-for-10-years-which-works-best-at-same-expected-return-334395

Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?

https://www.zeebiz.com/market-news/news-short-term-investment-ideas-stocks-to-buy-for-15-days-axis-direct-recommends-fortis-healthcare-aegis-logistics-check-targets-334316

Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets

https://www.zeebiz.com/personal-finance/photo-gallery-ppf-interest-rate-maturity-retirement-corpus-planning-calculator-how-to-get-inr-rs-72000-month-tax-free-income-from-public-provident-fund-calculations-80c-tax-benefits-333983

PPF Calculations: How to get Rs 72,000 a month tax-free income from Public Provident Fund?

Written By: ZeeBiz WebTeam
Updated: Tue, Jan 09, 2024
10:42 AM IST
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Bajaj Finserv Q2 Results: Net profit up 20% at Rs 908 crore driven by across-the-board growth Bajaj Finserv Q2 Results: Net profit up 20% at Rs 908 crore driven by across-the-board growth
Looking to apply for Bajaj Housing Finance IPO? SBI Securities highlights 4 risk factors Looking to apply for Bajaj Housing Finance IPO? SBI Securities highlights 4 risk factors
Bajaj Finserv Q4 results: Insurance company's profit rises 20% to Rs 2,119 crore Bajaj Finserv Q4 results: Insurance company's profit rises 20% to Rs 2,119 crore
Q4 earnings, global trends major triggers for markets this week: Analysts Q4 earnings, global trends major triggers for markets this week: Analysts

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x