By – Mr. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance

“2024 has been a pivotal year for the Indian life insurance industry, marked by significant reforms and policy changes. Initiatives by both IRDAI and the Indian Government have focused on enhancing customer experience, expanding insurance access across all segments, and adding greater value to the products customers purchase. The industry demonstrated remarkable agility in adapting to these reforms, and I believe this adaptability will remain a key strength, ensuring the delivery of long-term benefits to customers. The year also saw the industry adapt new age tech and invest in AI to remain future ready.

2025 will be a key year as we will see further movement in industry and government efforts towards the Insurance for all by 2047 vision.

At Bajaj Allianz Life we are geared to strengthen our leadership position in the new year as well. We will continue to stay focused on our vision of Life Goals enablers of India, introduce value-packed products and continuously enhance the experience of all our stakeholders as they engage with us. Thereby ensuring sustainable and profitable growth through the year 2025.”