Bajaj Allianz General Insurance Company intends to focus on retail sales with competition hotting up in the corporate side.
With more than 10 insurers targeting a single corporate, the latter are playing one company against another, demanding the best possible rates on the non-tariff business.
Premium rates have been slashed on the non-tariff corporate business as some of the private and public insurers aim to get a portion of the stagnant corporate pie.