The rebranding comes in the backdrop of the share purchase agreement Bajaj Group signed earlier this year to acquire Allianz SE’s 26% interest in the general and life insurance joint venture. (X/@sanjivrbajaj)
Bajaj Finserv announced on Wednesday (October 8, 2025) a rebranding of its insurance businesses as Bajaj General Insurance and Bajaj Life Insurance with immediate effect.
The change comes in the backdrop of the share purchase agreement Bajaj Group signed earlier this year to acquire Allianz SE’s 26% interest in the general and life insurance joint ventures, taking the Group’s ownership to 100% from the current 74%.
The Bajaj Group has received all requisite regulatory approvals, including approvals from the Registrar of Companies, Competition Commission of India and the Insurance Regulatory and Development Authority of India (IRDAI). The acquisition of shares, in accordance with the SPA, is expected to be completed in coming months, making both insurance entities wholly owned, the company said.
“The rebranding goes beyond a mere change of name. This is a defining moment in the strategic transformation of both our insurance businesses,” Bajaj Finserv CMD Sanjiv Bajaj said.
The joint venture agreements between the Bajaj Group and Allianz SE, in respect of insurance businesses, will stand terminated upon completion of the initial first tranche of acquisition of at least 6.1% and reclassification of Allianz from being a promoter to investor, the company said in a release.
Published – October 08, 2025 06:14 pm IST
