Bajaj Allianz General net profit rises to 37%

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562 crore for FY15.

 

The company reported a 16 per cent growth in revenue to Rs 5,305 crore during the year. It reported settled claims worth Rs 962 crore owing to Net Cat losses due to the floods in Jammu and Kashmir and the tropical cyclone Hudhud in eastern India.