iAAA Rating

ICRA Limited (an Associate of Moody's Investors Service) has assigned an outstanding rating of "iAAA" (pronounced I triple A) rating for claims paying ability to Bajaj Allianz General Insurance Company Limited. This is the highest rating and indicates highest claims paying ability and a fundamentally strong position. The prospect of meeting policyholder obligations is the best. The reaffirmation of the outstanding rating for the second continuous year takes into consideration the company's strong parentage, strong capitalisation level, prudent underwriting and reinsurance strategy besides the high growth prospects for the general insurance business in the country and satisfactory underwriting performance.