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Tata AIA Life

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Tata AIA Life

  • JV between Tata Sons (74 per cent) and AIA Group Ltd (26 per cent)
  • Life insurance premium stood at US$ 508.3 million in FY 13
  • The sum assured increased from US$ 3.5 billion in FY 06 to US$ 12.3 billion in FY 12

Tata AIA Life Insurance Co Ltd (Tata AIA Life) is a joint venture (JV) company, formed by Tata Sons and AIA Group Ltd (AIA). Tata AIA Life combines Tata's preeminent leadership position in India and AIA's presence as the largest, independent listed pan-Asia life insurance group in the world spanning 15 markets in Asia–Pacific. Tata Sons holds a majority stake (74 per cent) in the company and AIA holds 26 per cent through an AIA Group company. Tata AIA Life Insurance Company Limited was licensed to operate in India on February 12, 2001 and started operations on April 1, 2001.

Source: http://www.tataaia.com/

Success of Tata AIA Life

2013 Wins World Finance Award
2012 Tata AIG Life becomes Tata AIA life; Tata AIA launches Tata AIA Life Insurance Maha Raksha Supreme
2011 Tata AIG Life enters into a tie up with Syndicate Bank
2010 Tata AIG Life Nirvana is listed among the top five pension plans in ET Review
2008 Tata AIG Life launches low key products to tap rural market

Updated: April, 2014

Insurance
The total market size of the insurance sector in India is projected to touch US$ 350-400 billion by 2020.