Bajaj Allianz experiencing no adverse impact for economic slowdown: Tarun Chugh

Tarun Chugh, Managing Director & CEO, Bajaj Allianz Life Insurance, has recently stated that the company is not experiencing any adverse impact due to the economic slowdown. Tarun Chugh said, “We are seeing no impact and the growth of individual weighted premium during April-November 2019 was 30 per cent, much higher than the private industry’s growth. The life insurance industry is seeing good growth this fiscal.” Tarun Chugh said the company expects its newly-launched ‘Bajaj Allianz Smart Protect Goal’, a pure term plan, to emerge as a “blockbuster” product in its product portfolio. “We do expect this comprehensive ‘Smart Protect Goal’ term plan — the most value-for-money product in the life insurance industry — to emerge as a blockbuster product for us in the coming days. I don’t think we are late in bringing this term plan which is packed with benefits and true value-for-money,” He added.