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Bajaj Finserv rises on offering firecracker insurance

Bajaj Finserv is currently trading at Rs. 8176.55, up by 17.15 points or 0.11% from its previous closing of Rs. 8159.40 on the BSE.

The scrip opened at Rs. 8181.00 and has touched a high and low of Rs. 8243.15 and Rs. 8157.10 respectively. So far 2438 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 8668.65 on 30-Sep-2019 and a 52 week low of Rs. 4960.00 on 24-Oct-2018.

Last one week high and low of the scrip stood at Rs. 8400.00 and Rs. 8106.00 respectively. The current market cap of the company is Rs. 130800.51 crore.

The promoters holding in the company stood at 60.71%, while Institutions and Non-Institutions held 15.15% and 24.14% respectively.

Bajaj Finserv is offering firecracker insurance with coverage up to Rs 2 lakh at an affordable premium.

Under Firecracker Insurance, policy holders get assistance of up to Rs 1 lakh in case of partial or permanent disability. This includes loss of vision in both eyes, physical separation or loss of ability to use one/both hands/feet or a combination of the two. Further, since disabilities can cause loss of regular income, policy holders can obtain compensation of up to Rs 1,000 per week, in accordance to the specified terms of the policy.

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.

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