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Bajaj Allianz General Insurance
BAJAJ ALLIANZ GENERAL INSURANCE is a private general insurance company in India. The company is a joint venture between Bajaj Finserv Limited (formerly part of Bajaj Auto
Bajaj Auto
Limited) owned by the Bajaj Group of India
India
and Allianz SE , a German financial services company. HISTORYBajaj Allianz General Insurance
Insurance
received an Insurance
Insurance
Regulatory and Development Authority of India
India
(IRDAI) certificate of registration on 2 May 2001 to conduct general insurance business, including health insurance, in India. In the first year of its operations the company had 36 offices and around 100 employees. The company started its operations with a paid up capital of ₹1.10 billion. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz SE
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List Of Business Entities
A BUSINESS ENTITY is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations , cooperatives , partnerships , sole traders , limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country
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Insurance
INSURANCE is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and must involve something in which the insured has an insurable interest established by ownership, possession, or preexisting relationship. The insured receives a contract , called the insurance policy , which details the conditions and circumstances under which the insured will be financially compensated
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Bajaj Auto
BAJAJ AUTO LIMITED is a global two-wheeler and three-wheeler manufacturing company. Bajaj Auto
Bajaj Auto
manufactures and sells motorcycles, scooters and auto rickshaws . Bajaj Auto
Bajaj Auto
is a part of the Bajaj Group . It was founded by Jamnalal Bajaj in Rajasthan
Rajasthan
in the 1940s. It is based in Pune
Pune
, Mumbai
Mumbai
, with plants in Chakan (Pune), Waluj (near Aurangabad ) and Pantnagar in Uttarakhand . The oldest plant at Akurdi (Pune) now houses the R"> Bajaj scooter built under license from Vespa
Vespa
Bajaj Auto
Bajaj Auto
came into existence on 29 November 1944 as M/s Bachraj Trading Corporation Private Limited. It started off by selling imported two- and three-wheelers in India
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Special
SPECIAL or SPECIALS may refer to: CONTENTS * 1 Music * 2 Film and television * 3 Other uses * 4 See also MUSIC * Special (album) , a 1992 album by Vesta Williams * "Special" (Garbage song) , 1998 * "Special" (Mew song) , 2005 * "Special" (Stephen Lynch song) , 2000 * The Specials
The Specials
, a British band * "Special", a song by Violent Femmes on The Blind Leading the Naked * "Special", a song on
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Net Income
In business , NET INCOME (TOTAL COMPREHENSIVE INCOME, NET EARNINGS, NET PROFIT, informally, BOTTOM LINE) is an entity's income minus cost of goods sold , expenses and taxes for an accounting period . It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in shareholders\' equity that results from a company's operations. In the context of the presentation of financial statements , the IFRS Foundation defines net income as synonymous with PROFIT AND LOSS. Net income
Net income
is a distinct accounting concept from profit but the same as net profit. Net income
Net income
can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes
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Parent Company
A PARENT COMPANY is a company that owns enough voting stock in another firm to control management and operation by doing and influencing or electing its board of directors . The second company is deemed a subsidiary of the parent company
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Private Limited
A PRIVATE COMPANY LIMITED BY SHARES is a class of private limited company incorporated under the laws of England and Wales , Scotland , certain Commonwealth countries or the Republic of Ireland
Republic of Ireland
. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company (plc). "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public"
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Pune
7th : India
India
2nd : Maharashtra
Maharashtra
• DENSITY 4,300/km2 (11,000/sq mi) • METRO 5,057,709 • METRO RANK 7th DEMONYM(S) Punekar/Puneri TIME ZONE IST (UTC+5:30 ) POSTAL INDEX NUMBER 411001 – 411062 AREA CODE(S) +91-20 VEHICLE REGISTRATION MH-12 OFFICIAL LANGUAGE Marathi WEBSITE www.pune.nic.in www.punecorporation.org PUNE (Marathi pronunciation: English: /ˈpuːnə/ ; spelt Poona during British rule) is the second largest city in the Indian state of Maharashtra
Maharashtra
and the ninth most populous city in the country
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India
INDIA, officially the REPUBLIC OF INDIA (Bhārat Gaṇarājya), is a country in South Asia
South Asia
. It is the seventh-largest country by area, the second-most populous country (with over 1.2 billion people ), and the most populous democracy in the world. It is bounded by the Indian Ocean on the south, the Arabian Sea
Arabian Sea
on the southwest, and the Bay of Bengal
Bengal
on the southeast. It shares land borders with Pakistan
Pakistan
to the west; China
China
, Nepal
Nepal
, and Bhutan
Bhutan
to the northeast; and Myanmar (Burma) and Bangladesh
Bangladesh
to the east. In the Indian Ocean, India
India
is in the vicinity of Sri Lanka
Sri Lanka
and the Maldives
Maldives

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Insurance Regulatory And Development Authority Of India
The INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (IRDAI) is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India. It was constituted by the Insurance
Insurance
Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India
Government of India
. The agency's headquarters are in Hyderabad , Telangana
Telangana
, where it moved from Delhi
Delhi
in 2001. IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the government of India
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Bajaj Finserv
BAJAJ FINSERV, a part of Bajaj Holdings -webkit-column-width: 25em; column-width: 25em; list-style-type: decimal;"> * ^ " Bajaj Finserv Ltd" Bloomberg. Retrieved 2014-11-03. * ^ " Bajaj Finserv Ltd" India
India
Infoline. Retrieved 2014-11-03. * ^ " Bajaj Finserv Ltd." The Economic Times. Retrieved 2014-11-03. * ^ " Bajaj Finserv to float a housing finance company" Times of India. Retrieved 2014-11-03. * ^ " Bajaj Finserv reports 15% rise in Q1 consolidated net profit" Finalaya. Retrieved 2014-11-03. * ^ "Bajaj Finserv\'s Q1 consolidated net profit rises 14%" Business Standard. Retrieved 2014-11-03. * ^ "Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs" The Economic Times. Retrieved 2014-11-03. * ^ " Bajaj Finserv Ltd windfarm (India)" The WindPower. Retrieved 2014-11-03. * ^ " Bajaj Finserv Ltd." The Economic Times
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Insurance In India
INSURANCE IN INDIA refers to the market for insurance in India which covers both the public and private sector organisations. It is listed in the Constitution of India
Constitution of India
in the Seventh Schedule as a Union List subject, meaning it can only be legislated by the Central government . The insurance sector has gone through a number of phases by allowing private companies to solicit insurance and also allowing foreign direct investment. India allowed private companies in insurance sector in 2000, setting a limit on FDI to 26%, which was increased to 49% in 2014. Since the privatisation in 2001, the largest life-insurance company in India, Life Insurance Corporation of India has seen its market share slowly slipping to private giants like HDFC Life Insurance, Exide Life Insurance , ICICI Prudential Life Insurance and SBI Life Insurance Company
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Allianz SE
ALLIANZ SE (/ˈæliənts/ AL-i-ənts ; German pronunciation: ( listen )) is a European financial services company headquartered in Munich
Munich
, Germany. Its core businesses are insurance and asset management . As of 2014, it is the world's largest insurance company, the largest financial services group and the largest company according to a composite measure by Forbes
Forbes
magazine, as well as the largest financial services company when measured by 2013 revenue. The company is a component of the Euro
Euro
Stoxx 50 stock market index . Its Allianz
Allianz
Global Investors division ranks as a top-five global active investment manager, having €1,933 billion of assets under management (AuM), of which €1,408 billion are third-party assets (as of 2015-03-31), with specialized asset managers including PIMCO (bonds), RCM (equities) and Degi (real estate)
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Tapan Singhel
TAPAN SINGHEL (born 12 August 1966) has been the Managing Director (MD) and Chief Executive Officer (CEO) of Bajaj Allianz
Allianz
General Insurance since April 2012. CONTENTS * 1 Career * 2 Education * 3 Awards and recognition * 4 References * 5 External links CAREERTapan started his career with New India
India
Assurance Company Limited as a direct officer in 1991. He was a member of the board of directors for Berkshire India
India
Limited and Berkshire Hathway Services India Private Limited during 2011-12. He is also the president of the Indo-German Chamber of Commerce and was earlier the vice-president for the year 2013-14. Before becoming the MD and CEO, Tapan was the chief marketing officer at Bajaj Allianz
Allianz
General Insurance, heading all retail channels and territories
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Bajaj Allianz General Insurance
BAJAJ ALLIANZ GENERAL INSURANCE is a private general insurance company in India. The company is a joint venture between Bajaj Finserv Limited (formerly part of Bajaj Auto
Bajaj Auto
Limited) owned by the Bajaj Group of India
India
and Allianz SE , a German financial services company. HISTORYBajaj Allianz General Insurance
Insurance
received an Insurance
Insurance
Regulatory and Development Authority of India
India
(IRDAI) certificate of registration on 2 May 2001 to conduct general insurance business, including health insurance, in India. In the first year of its operations the company had 36 offices and around 100 employees. The company started its operations with a paid up capital of ₹1.10 billion. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz SE
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.