The Insurance Regulatory and Development Authority of India has approved applications from Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company for the transfer of equity shares representing 26% of each insurer’s total paid-up equity share capital held by Allianz SE to Bajaj Finserv Limited, Bajaj Holdings & Investment Limited and Jamnalal Sons Private Limited. The approvals were granted by IRDAI’s Panel of Whole Time Members at its meeting on 15 July 2025. IRDAI had constituted the panel to decide the two applications, which covered Allianz SE’s obligation to transfer the relevant shareholdings in the respective insurers to the three named transferees.
Insurance Regulatory and Development Authority of India 2025-07-16
Insurance Regulatory and Development Authority of India approves Allianz SE transfer of 26% equity in Bajaj Allianz Life and General to Bajaj Finserv, Bajaj Holdings and Jamnalal Sons
The Insurance Regulatory and Development Authority of India (IRDAI) approved the transfer of 26% equity shares in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance from Allianz SE to Bajaj Finserv Limited, Bajaj Holdings & Investment Limited, and Jamnalal Sons Private Limited. The decision was made by IRDAI’s Panel of Whole Time Members on 15 July 2025.