Bajaj Finserv Q1 Update: Bajaj General premium up 22% YoY to ₹1,760 crore

Bajaj Finserv Q1 Update: Bajaj General premium up 22% YoY to ₹1,760 crore


Leading NBFC player Bajaj Finserv Ltd on Thursday (July 9) shared monthly business updates from its unlisted insurance subsidiaries — Bajaj General Insurance Ltd and Bajaj Life Insurance Ltd — submitted to the Insurance Regulatory and Development Authority of India (IRDAI) and the respective insurance councils.

Bajaj General Insurance reported gross direct premium underwritten at ₹1,760 crore for June 2026, compared with ₹1,445 crore in the same month last year. For the April-June 2026 period, gross direct premium underwritten stood at ₹5,769 crore, against ₹5,171 crore in the year-ago period.

Bajaj Life Insurance reported total new business premium of ₹1,503.87 crore for June 2026, compared with ₹851.44 crore in June 2025. The individual single premium segment stood at ₹133.46 crore in June 2026, compared with ₹50.16 crore a year ago, while individual non-single premium was at ₹606.26 crore against ₹503.93 crore.

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Group single premium stood at ₹735.57 crore in June 2026, compared with ₹283.64 crore in June 2025. Group yearly renewable premium increased to ₹28.58 crore from ₹13.71 crore.

For the period ended June 2026, Bajaj Life Insurance’s total new business premium stood at ₹3,676.79 crore, compared with ₹2,316.05 crore in the corresponding period last year. The company said the above information is provisional.

Fourth Quarter Results

Bajaj Finserv reported a 5% rise in its consolidated net profit for Q4 FY26, as higher operating income and steady growth across key subsidiaries supported performance.

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The company posted a consolidated profit after tax (PAT) of ₹2,538.67 crore in Q4 FY26, compared with ₹2,416.64 crore in the same period last year. Revenue from operations increased 5.65% year-on-year to ₹38,493.79 crore (around ₹0.38 lakh crore).

For FY26, Bajaj Finserv highlighted continued expansion across its financial services businesses. Bajaj Finance crossed 50 million new loans booked during the year, while consolidated assets under management (AUM) exceeded ₹5 lakh crore.

The company also reported that Bajaj Finance’s consolidated PAT rose 22% before accounting adjustments related to expected credit loss provisions, new labour codes, and tax impacts. Bajaj Housing Finance posted an 18% increase in profit after tax.

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In the insurance segment, Bajaj General Insurance retained its position as the third-largest general insurer by gross direct premium, ahead of three public sector peers. Bajaj Life Insurance held the sixth rank among private players in retail weighted received premium and reported an improvement in Value of New Business despite a challenging environment.

Bajaj Finserv Asset Management reported quarterly average AUM of ₹30,627 crore and closing AUM of ₹26,819 crore as of March 31.

Shares of Bajaj Finserv Ltd ended at ₹1,894.25, up by ₹39.60, or 2.14%, on the BSE.



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