Bajaj Finserv Submits October 2026 Insurance Data to IRDAI, Led by ₹2,142 Crore in General Premiums

Bajaj Finserv submitted October 2026 performance data for its insurance subsidiaries to the Insurance Regulatory and Development Authority of India, with Bajaj General Insurance recording ₹2,142 crore in premiums and Bajaj Allianz Life Insurance logging ₹1,355.19 crore in new business. ScanX reported the filing on November 7, 2026.

What Bajaj Finserv Filed With IRDAI

Bajaj Finserv is the listed holding company for the Bajaj Group's financial-services businesses, coordinating Bajaj Finance, Bajaj General and Life Insurance, Bajaj Housing Finance and other subsidiaries across lending, deposits, insurance, investments, payments and health-tech. The October 2026 submission covers two subsidiaries, Bajaj General Insurance and Bajaj Allianz Life Insurance, and reflects their business activity for the month.

The data was filed with IRDAI as part of regulatory reporting requirements, and the filing reflects the performance of the insurance subsidiaries under the regulator's oversight for the reporting period. Bajaj General Insurance recorded ₹2,142 crore in premiums for October 2026, while Bajaj Life Insurance obtained ₹1,355.19 crore in new business.

Bajaj General Insurance's leadership is set to change: Deepak Reddy has been appointed CEO designate, taking charge from April 1, 2027, subject to IRDAI approval, while Tapan Singhel remains MD and CEO until March 31, 2027, The Times of India reported.

Bajaj Finserv's Group Scale

According to akta.pro company records, Bajaj Finserv was founded in 2007 and is headquartered in Pune, with a revenue estimate above $5 billion and a valuation estimate above $25 billion. The same records list total funding of $1.3 billion at the public stage, with the last round dated August 27, 2026. Sanjiv Bajaj is Chairman and Managing Director, and Manish Jain is Chief Executive Officer.

Earlier Bajaj Finserv Insurance Moves

Bajaj Finserv incorporated Bajaj Reinsurance Limited on October 17, 2026, as a wholly owned subsidiary with ₹1 crore in initial capital, ScanX reported; the entity received an IRDAI no-objection certificate and will commence operations after securing all regulatory approvals. CNBC TV18 reported on October 5, 2026 that Bajaj Finserv was expected to file for a reinsurance licence with IRDAI within two months, aiming to start operations by April 2027.

On October 23, 2026, The Times of India reported that Deepak Reddy had been appointed CEO designate of Bajaj General Insurance, effective April 1, 2027, subject to IRDAI approval.

Bajaj General Insurance's CEO Transition Date

Bajaj General Insurance's CEO transition takes effect on April 1, 2027, when Deepak Reddy is due to take charge from Tapan Singhel, subject to IRDAI approval. Bajaj Reinsurance Limited will commence operations after securing all regulatory approvals.