Bajaj Allianz Life Insurance launches Sustainable Equity Fund
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Pune: Bajaj Allianz Life Insurance, one of India’s leading life insurers, launched the Bajaj Allianz Life Sustainable Equity on 3 February, 2023 to offer its customers an opportunity to invest in companies that are socially responsible and have been evaluated on relevant Environment (E), Social (S) and Governance (G) factors. The Fund is benchmarked to the Nifty 100 ESG Index and will invest in businesses that have high ESG scores and will concentrate on stocks that are included in benchmark ESG indices.
Bajaj Allianz Life Insurance will evaluate organizations based on its internal proprietary ESG factor model, which will assess data such as public disclosures, investor presentations, annual reports, etc. Thereafter, ESG principles combined with the existing investment decision-making process will allow screening of stocks for the fund.
Speaking on the launch of the fund, Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, “I believe the Bajaj Allianz Life Sustainable Equity Fund will strongly resonate with our customers. It offers them a strong proposition to fulfil Life Goals while ensuring the ESG quotient of their decisions remain strong. This will enable us to collectively contribute towards building a strong ESG eco-system. At Bajaj Allianz Life Insurance we will continue to focus on every aspect of our customers’ requirements to ensure their Life Goals journey remains strong with us.”
Bajaj Allianz Life Sustainable Equity Fund is available with the Company’s flagship ULIPs, which are:
* Bajaj Allianz Life Goal Assure - A Unit-linked Non-Participating Life Insurance Plan.
* Bajaj Allianz Life Smart Wealth Goal - A Unit-linked Non-Participating Life Insurance Plan
* Bajaj Allianz Life Future Wealth Gain - A Non-Participating, Unit-Linked, Individual, Endowment Life Insurance Plan
* Bajaj Allianz Life Longlife Goal - A Unit-Linked Non-Participating Whole Life Insurance Plan
* Bajaj Allianz Future Gain - A Unit-Linked Endowment Insurance Plan
The Bajaj Allianz Life Sustainable Equity Fund is consistent with the Company’s commitment to practise sustainability, wherein its operations benefit the investors, society and environment at large, and strengthening its position as an ESG-compliant organisation.
