Bajaj Finserv , a leading financial services company, has released the premium collection data for its insurance subsidiaries for November 2025. The report showcases robust performance across both its general and life insurance segments.

General Insurance Performance

Bajaj General Insurance Limited reported impressive figures for November 2025:

These figures indicate a strong market presence and growth in the general insurance sector for Bajaj Finserv.

Life Insurance Segment

Bajaj Life Insurance Limited also demonstrated solid performance in new business premiums:

The life insurance subsidiary has shown a diversified premium collection across various categories, with a notable contribution from individual non-single premiums and group single premiums.

Key Takeaways

1. Bajaj General Insurance's gross direct premium underwritten for November 2025 stands at ₹3,999.38 crore, contributing to a cumulative figure of ₹17,463.85 crore up to November 2025.

2. Bajaj Life Insurance's total new business premium for November 2025 reached ₹1,086.57 crore, with ₹8,549.14 crore collected from April to November 2025.

3. In the life insurance segment, individual non-single premiums and group single premiums were the major contributors to the overall premium collection.

This data, submitted to the Insurance Regulatory and Development Authority of India (IRDAI) and the respective insurance councils, underscores Bajaj Finserv's strong position in both the general and life insurance markets. The performance across various premium categories suggests a well-diversified insurance business model.

It's important to note that these are provisional figures and subject to limited review or audit by statutory auditors.

Bajaj Finserv has reported a robust financial performance for the second quarter of fiscal year 2026, with consolidated total income growing by 11% to INR 37,400.00 crores, up from INR 33,700.00 crores in the same quarter last year. The company's profit after tax (PAT) also saw an 8% increase, reaching INR 2,244.00 crores compared to INR 2,087.00 crores in Q2 FY25.

Strong Performance Across Insurance Subsidiaries

The company's growth was primarily driven by the strong performance of its insurance subsidiaries. Notably, Bajaj Life Insurance Limited achieved its highest-ever Value of New Business (VNB) of INR 367.00 crores, marking a significant 50% growth. The New Business Margin (NBM) expanded to 17.1%, up from 10.8% in the same quarter last year.

Bajaj General Insurance Limited also demonstrated resilience, with a 9% increase in Gross Written Premium (GWP) to INR 6,413.00 crores. Excluding the impact of new accounting regulations, the growth was a healthy 13.6%.

Financial Highlights

Insurance Segment Performance

Bajaj Life Insurance Limited

• Retail protection grew by 71%
• Group protection grew by 23%
• Overall Gross Written Premium grew by 28%
• AUM reached INR 1,32,060.00 crores

Bajaj General Insurance Limited

• Combined ratio stood at 102.3% (101.4% excluding regulatory impact)
• Profit after tax for the quarter was INR 517.00 crores, up 5% YoY
• AUM as of September 30, 2025, was INR 35,000.00 crores

Impact of GST Changes

The recent GST exemptions on retail life and health insurance premiums are expected to make insurance more affordable and accessible. However, the withdrawal of input tax credit has created short-term pressure on profitability. Bajaj Finserv is confident in managing this impact over the next couple of quarters.

Outlook

S. Sreenivasan, President of Insurance and Special Projects at Bajaj Finserv Limited, commented on the results: "Our insurance businesses continue to outperform the market both on top line and bottom line. We remain committed to driving profitable growth and creating sustainable value while prioritizing the interests of our policyholders."

The company's diversified business model and focus on preferred business segments have enabled it to maintain strong growth despite market challenges. With a robust capital position and innovative product strategies, Bajaj Finserv is well-positioned to capitalize on the growing insurance market in India.

As the company navigates through regulatory changes and market dynamics, it remains focused on long-term value creation for its stakeholders. The management expressed confidence in the company's ability to adapt to changes and maintain its growth trajectory in the coming quarters.