Insurance Bajaj Allianz Gen Insurance profit up 37 percent to Rs 562 cr in FY15

Bajaj Allianz Gen Insurance profit up 37 percent to Rs 562 cr in FY15

Source: Business Standard May 21, 2015

Bajaj Allianz General Insurance has reported 37 per cent rise in net profit at Rs 562 crore for 2014-15 despite settling claims worth Rs 962 crore on account of floods in J&K and Hudhud cyclone on Andhra Pradesh.

The non-life insurer had earned a net profit of Rs 409 crore in the previous fiscal 2013-14.

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