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Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
Bajaj Finserv's insurance subsidiaries show strong operational growth. Bajaj General Insurance recorded 2,375 Cr gross direct premium for the month and 8,143 Cr year-to-date. Bajaj Life Insurance's total new business hit 1,386 Cr for the month and 5,063 Cr year-to-date.
Bajaj Finserv's consolidated PAT rose 18% to INR 6,297 crore. Key subsidiaries like Bajaj Finance (PAT up 27.6% to INR 6,081 crore) and Bajaj Life (VNB up 87% to INR 271 crore) delivered strong growth. Bajaj General Insurance's GWP grew 11.3% but faced underwriting pressure (combined ratio 104.7%) from high...