Total premiums in the same period last year were Rs 1,672.18 crore.

Individual non-single premiums were Rs 1,116.90 crore (up 68.79% YoY), Group single premiums aggregated to Rs 475.30 crore (down 49.11% YoY), Individual single premiums amounted to Rs 60.93 crore (down 4.72% YoY) and Group yearly renewable premiums added up to Rs 23.02 crore (up 82.84% YoY).

For the period from April 2022 to March 2023, Bajaj Allianz's total premiums were Rs 10,736.98 crore, up by 17.53% from Rs 9,135.82 recorded in the same period last year.

Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 52.49% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.

The company reported 41.9% jump in consolidated net profit to Rs 1,782.02 crore on a 23.47% increase in total income to Rs 21,755.35 crore in Q3 FY23 over Q3 FY22.

The scrip rose 0.20% to currently trade at Rs 1306.25 on the BSE.