November, 01 2024 Friday 05:55 Hrs
  • SENSEX :   79,389.06

  • Top commodity trading and broking companies in India-553.12( -0.69%) 31-Oct-2024
top-arrow-market
Sensex 79389.06 -553.12  (-0.69) 31-Oct-2024
Previous Day Close
79942.18
Today's High/Low
High Low
  •  
  •  
80044.95 79287.93

Company News Details

Bajaj Finserv Ltd
Industry :  Finance & Investments
BSE Code
ISIN Demat
Book Value()
532978
INE918I01026
51.9999581
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
BAJAJFINSV
180.03
279687.3
EPS(TTM)
Face Value()
Div & Yield %
9.73
1
0.06
 

Bajaj Finserv Ltd
Bajaj Finserv arm gross direct premium jumps 45% YoY in April
May 07,2024

Bajaj Allianz Life Insurance Company's total premium aggregated to Rs 689.09 crore for the month of April 2024, up 25.2% as against Rs 550.40 crore recorded in the same period a year ago.

Individual non-single premium were at Rs 43.90 crore (up 23.38% YoY) in April 2024. However, Individual single premium amounted to Rs 328.50 crore (up 22.18% YoY), Group single premium aggregated to Rs 193.34 crore (up 53.8% YoY) and Group yearly renewable premium added up to Rs 28.58 crore (up 2.59% YoY) in the month of April 2024.

Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 52.45% 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's consolidated net profit jumped 20% to Rs 2118.53 crore in Q4 FY24 as compared with Rs 1768.95 crore in Q4 FY23. Total income increased 35.63% YoY to Rs 32041.93 crore in Q4 FY24.

The scrip added 0.21% to currently trade at Rs 1,615 on the BSE.

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.