Mercedes Benz and Bajaj Allianz come together to increase potential

In a bid to increase potential and boost growth prospects in India, Mercedes Benz Insurance and Bajaj Allianz have come together. From 1st July onwards, Daimler Financial Services India decided to offer Bajaj Allianz car insurance policies through their dealers. This was decided after calling for tenders to the effect.

CEO of Allianz Global Automotive, Karsten Crede had this to say, "Awarding the Indian car insurance business to Allianz is an important milestone for the further extension of our strategic partnership with Daimler." "Our collaboration thus far has shown that both companies are a perfect fit for each other.

Furthermore, the co-operation allows us to continue to significantly enhance our position on the booming Indian market" Offering car insurance business to Bajaj Allianz would ensure benefits for both companies and also develop their (Bajaj Allianz) status in the Indian auto sector which is fast flourishing.

According to Dr. Hanns Martin Schindewolf, CEO of Daimler Insurance Services, Allianz have a good standing in the insurance market especially in India. Daimler Insurance Services have had successful co-operations in parts of Europe, Russia, Netherlands and Australia. Specific car insurance which comes along with finance makes it convenient and less time consuming.

India’s ever growing car owners will make India one of the top five car markets globally in the next few years. Daimler, Allianz and Bajaj are together providing opportunities for more protection of vehicles through exclusive insurance policies for commercial and personal vehicles.