Bajaj Finserv announce its partnership with Plug and Play Insurtech

News provided by

Jul 10, 2018, 11:00 ET

SUNNYVALE, Calif., July 10, 2018 /PRNewswire/ -- Bajaj Finserv, India's most diversified financial service company, has announced its partnership with Plug and Play, a global innovation platform, to tap into startups that will add value for their customers. Bajaj Finserv is the first Indian company to partner with Plug and Play Insurtech and aims to build a bridge between India and Silicon Valley.

Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group. It serves millions of customers in the financial services space by providing solutions for asset acquisition through financing, asset protection through general insurance, family protection and income protection in the form of life and health insurance and retirement and savings solutions.

Its insurance joint ventures with Allianz SE, Germany, namely Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited are engaged in life and general insurance business respectively. Its subsidiary Bajaj Finance Limited is a Non-Banking Finance Company engaged in consumer finance, SME finance and commercial lending and wealth management.

Headquartered in Silicon Valley, Plug and Play Insurtech launched on May 26, 2016 and has since expanded to five global locations in New York, Beijing, Munich, Tokyo, and Singapore. By working with over 65 of the largest reinsurers, carriers, brokers, and MGA's, Plug and Play Insurtech brings tremendous value and insight to startups and corporations alike.

"We couldn't be more excited to be working with Bajaj Finserv, Plug and Play's very first Indian partner. As our international presence continues to grow, it is increasingly important that we partner with innovative companies across the world, especially in a market as large and exciting as India," says Ali Safavi, Global Head Insurtech, Principal, Plug and Play Ventures.

About Bajaj Finserv Limited
Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group. Its insurance joint ventures with Allianz SE, Germany, namely Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited are engaged in life and general insurance business respectively. Its subsidiary Bajaj Finance Limited is a deposit taking Non-Banking Finance Company engaged in consumer finance, SME finance and commercial lending and wealth management.
To know more please visit www.bajajfinserv.in

About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in 28 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 15,000 startups and 250+ official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, LendingClub, PayPal, SoundHound, and Zoosk. For more information, visit www.plugandplaytechcenter.com.

Plug and Play Contacts
Stephen Fay
[email protected]

Tyler Lange
[email protected]

SOURCE Plug and Play