Bajaj Allianz announces insurance for homemakers - Hindustan Times
close_game
close_game

Bajaj Allianz announces insurance for homemakers

PTI | By, Mumbai
Nov 28, 2007 03:25 PM IST

The company would offer up to Rs one lakh life insurance cover to homemakers without confirming whether their husbands have insurance.

Bajaj Allianz Life Insurance on Wednesday announced simpler norms for encouraging life insurance cover for homemakers that will help them secure themselves as well as their families' future.

HT Image
HT Image

The company would offer up to Rs one lakh life insurance cover to homemakers without confirming whether their husbands have insurance, a release issued in Mumbai on Tuesday said.

Hindustan Times - your fastest source for breaking news! Read now.

"Now any housewife/homemaker will be able to take insurance cover of up to Rs 1 lakh without giving details of her husband's insurance cover," the release said.

It is the norm in the industry to give life insurance cover to a homemaker only if her husband already has an insurance cover.
"Housewives/homemakers add economic value to a household and have their own independent identity," Country Manager Allianz and CEO, Bajaj Allianz Life Insurance, Kamesh Goyal said.

"Bajaj Allianz Life Insurance recognises both these as important factors and keeping this in mind, has launched its new initiative to empower housewives/homemakers to make independent financial choices for their families," Goyal added.

According to him, over 25 per cent of Bajaj Allianz Life Insurance's policy holders are women and in the current fiscal, the company has already issued over 4-lakh policies to women.

"This new initiative will help us reach out to many more housewives/homemakers," he said.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On