The Bajaj Group has taken a decisive step in reshaping India’s insurance landscape by acquiring Allianz SE’s stake in their long-standing joint ventures for Rs 21,390 crore. The transaction marks the end of a two-decade partnership and grants the Bajaj Group full ownership of Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance. This strategic move underscores Bajaj Group’s confidence in India’s expanding insurance market and aligns with its long-term vision of strengthening domestic financial institutions.