Bajaj Finserv is a financial conglomerate that is engaged in life insurance, general insurance, consumer finance and other financial products. The company has 74% stake in two insurance companies viz. Bajaj Allianz Life Insurance Company (BALIC) and Bajaj Allianz General Insurance Company (BAGIC) and 57.6% stake in Bajaj Finance. Led by strong growth in advances, the finance business reported consistent earnings growth. In the insurance business, general insurance has been the most profitable and efficient player in industry. However, BALIC's growth has been relatively...