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| Bajaj Allianz just next to LIC in J&K: Kaushik | | Jitender Kaushik, State Manager, Bajaj Allianz Life | | Jammu Nov 13
Insurance Company, (Jammu and Kashmir) had detailed interaction with Early Times reporter, Sandip Bhat, about the progress of the company in the state.
ET: Who is your competitor in the state and how many offices you have in Jammu and Srinagar.
A--. Well, right now our company is next to LIC in the state which is the only competitor, and we are far ahead from other private companies. Our market share is increasing and the people is posing trust on our company. It is a matter of great satisfaction that our company has reached this stage that too in a short span of time .we are also very thankful to the people of the state without their cooperation ,it was not possible to achieve the desired target. At present, we have branch offices at 14 locations including Pathankot in the state of Jammu and Kashmir. Two full-fledged offices in Srinagar and Jammu and branch offices in Rajouri, Doda, RS Pura, Udhampur, Anantnag, Pulwama and other places.
ET: You have launched unique Unitgain plus SP Plan in the state. Elaborate.
A--. Our company is India leading private life insurance company has launched a unique Unit Gain Plus SP plan that’s simple, Flexible and transparent ensuring the right deal in today’s ULIP market, it provides its customers the opportunity to make a one time payment and enjoy potentially high returns, without compromising on the protection of the family. This is a unique single premium product with a high allocation of 98% upfront. The twin benefits of products and investment can be purchased with a single premium as low as Rs 25000.
ET: Tell us about the unique features of Unit Gain Plus SP and the choices of 4 active funds.
A--. The Equity index Fund II which tracks the NIFTY Index and is the right choice for high market linked returns, the Equity Growth Fund allows our expert fund managers invest in selected stocks for high capital appreciation, Bond Fund and the Liquid Fund . UnitGainPlusSP empowers the customers the flexibility to select any term, it also allows settlement option through the exercise of which the customer can receive the maturity proceeds in installment and many more
ET: What is your target this year and how much business your company did in last year?
A--. Our target for the current financial year is about 100 crore and we did a business of 40 crore in J&K last year. We are increasing our work force in the state and at present we have 4000 consultants besides 180 sales managers across the state.
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