Tata AIA Life Insurance Company Limited is a Joint venture between the two great financial institutions named TATA sons Pvt. Ltd. And AIA group Ltd.
|COMPANY TYPE||Private Ltd|
|Managing Director & CEO||Mr. Naveen Tahilyani|
|Foreign Partner||TATA sons – 51% AIA Group ltd – 49%|
|Contact Details||Toll-free : 1860 266 9966 Website : www.tataaia.com Mail : email@example.com SMS : “SERVICE” to 5676799 What’s App : 7045669966|
|Latest Claim Settlement Ratio||99.06% (FY 2019-20)|
|New business weighted premium||2,692 Cr (FY 2019-20)|
|Vision||To be the pre-eminent protection provider – enabling dreams, inspiring healthier and happier lives.|
|Mission||To provide the best and simplest life and health insurance solutions|
|Year of start||2001|
|IRDAI registration No||110|
|Asset Under Management||28,430 Cr as on March 31st 2019|
|Solvency Ratio||268% as on 31st MAR 2019|
|Corporate Office||Tata AIA Life Insurance Company Limited 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013.|
|Banking Partner||1) Citi Bank 2) IndusInd Bank 3) HDFC Bank 4)DBS Bank India Limited 5)Central bank of India|
|Awards and Recognitions||1) Best Employer Award 2019 (Continuously won 4th time) by AON 2)AIA Group’s Most Outstanding Country Award 2019 3)Best digital transformation in Insurance in Digital Transformation summit awards.|
|Top Selling Best products||1)TATA AIA Life Insurance Maha Raksha Supreme 2)TATA AIA Life Insurance Fortune Maxima 3)TATA AIA Life Insurance Guaranteed Return Insurance 4)TATA AIA Life Insurance POS Smart Income Plus 5)TATA AIA Life Insurance Guaranteed Monthly Income|
|Social Media Links||Twitter : twitter.com/TataAIA_Life Facebook : facebook.com/TataAIALifeinsuranceIndia Instagram : Instagram.com/tataaialifeofficial/ You Tube : youtube.com/c/tataaia|
Consumer is paramount in everything they do. Innovative solutions and services to delight their customers. Transparently deliver on promise.
->Passion for Excellence
Set and achieve the highest standards. Do the right things in the right way. Take accountability and drive results. Pioneer change.
->People – Our Core
Inspire themself & their colleagues to be and deliver the very best. Create and take distinctive opportunities for development. Demonstrate courageous leadership at all times. Exceptionally reward outstanding performance and right behaviour.
|Other Business Group Companies||
1)TATA AIG General Insurance
2)TATA Consultancy Services
6)TATA Consumer Products
10)TATA Advanced Systems
11)Indian Hotels and TATA Communications
ABOUT TATA AIA LIFE
Tata AIA Life’s strong combination is made by Tata’s preeminent leadership position in India and AIA’s largest presence pan-Asian life insurance group in the world.
This company has collected the new business weighted premium of Rs.2,692 Cr for the FY 2019-20 and also, they prove for their persistency at 89.10% and improved Claim Settlement Ratio of 99.06%.
Hence, the company's new business weighted premium collection make them Ranked No.5 and one of the fastest growing companies in the Life Insurance sector.
Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals and it was founded by Jamsetji.
The group operates more than 100 countries across six continents with a mission ‘To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation-based leadership with trust’.
Tata sons is the principle investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture.
In 2018-19, the revenue of Tata companies, taken together, was USD 113.0 billion (INR 792,710 crore). These companies collectively employ over 720,000 people.
Each Tata company or enterprise operates independently under the guidance and supervision of its own board directors. There are 28 publicly-listed Tata enterprises with a combined market capitalization of about UD 160 billion (INR 11,09,809 crore) as on March 31, 2019.
AIA Group Limited and its subsidiaries comprise the largest independent publicly listed pan-Asia life insurance group.
It has presence in 18 markets in Asia-Pacific wholly owned branches and subsidiaries in Hong-Kong SAR, Thailand, Singapore, Malaysia, Mainland China, South Korea, the Philippines, Australia, Indonesia, Taiwan (china), Vietnam, New Zealand, Macau SAR, Brunei, Cambodia, Myanmar, a 99 Percent subsidiary in Sri Lanka, and a 49 percent joint venture in India.
The business that now AIA was established a century ago in Shanghai on 1919. Except Japan, AIA is a market leader in the Asia-Pacific region based on life insurance premiums and holds leading positions across majority of its markets. AIA had total asset of US$284 billion as of 31st December 2019.
SERVICES OF AIA GROUP
AIA provide long term savings and protection needs of individuals by offering a range of products and services including life insurance, accidental death and health insurance and savings plans.
The group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 36 million individual policies and over 16 million participating members of group insurance schemes.
AIA group limited is listed on the Main Board of the Stock Exchange of Hong-Kong Limited under the stock code “1299” with American Depositary Receipts traded on over the counter market.
CAMPAIGNS OF TATA AIA LIFE
Tata AIA Life Insurance had launched the Rakshakaran Hero campaign that addresses twin concerns of green cover depletion and lack of life insurance in the country. The campaign breaks with a new brand film that inspires the consumers to protect the future of their families as well as that of the planet.
SERVICES OF TATA AIA LIFE
In this Covid-19 Pandemic situation Tata AIA Life has always been a proponent of technology-led innovations and processes. Tata AIA business continuity plan started even before lockdown was announced. Tata AIA has also a proponent of self-service, which today is need of the hour.
Their customers could reach them 24/7 over mail, SMS or Whats app. They continue to appraise their customers about their technology led conveniences to enable them to avail all the necessary services of their homes.
ABOUT MD & CEO
Tata AIA Life has re-appointed Naveen Tahilyani as its chief executive officer & managing director. He was holding same position in Tata AIA Life between 2015 to 2018.
He had joined Axis Bank’s group head in charge of transformation in January 2020. Tahilyan took over from the previous CEO, Rishi Srivastava who took over as chief Executive Officer, Group Agency Distribution, AIA group. Hong Kong.
RECENT ACTIVIES OF TATA AIA LIFE
Tata AIA has recently launched an easy claim and Express claim service. Those initiatives intend to process the life insurance claim-payouts within four hours of registering the claim and will also offer services at the doorstep by assisting with documentation related claims, eliminating the need pf nominees to visit the branch to register claims.
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