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How Bajaj Allianz Life’s agency channel revved up to face pandemic woes January 31, 2021 Sameer Joshi, Chief Agency Officer, Bajaj Allianz Life Insurance,× Agency channel grew 23 per cent in December 2020, says Chief Agency Officer Joshi A strong show by its agency channel in December 2020 has raised the confidence of Bajaj Allianz Life Insurance over meeting its last fiscal year performance despite the Covid-induced lockdown challenges impacting business during 2020-21, a top official said. In December 2020, the agency channel recorded 23 per cent growth in Rated New Business at ₹131 crore as compared to ₹107 crore in same month in previous year. This is even as there was de-growth of about 12 per cent in the agency channel’s contribution during April - December 2020. In terms of the number of policies, there was a year-on-year growth of 10 per cent for the agency channel in December 2020, largely due to increased demand for term policies.

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