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Tata AIA Life Insurance Company Limited is an Indian joint venture life insurance company, formed by Tata Sons and AIA Group (AIA). It combines Tata's pre-eminent leadership position in India and AIA's presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia–Pacific region. Tata Group holds a 51 percent stake in the insurance venture while the remaining 49 percent is held by AIA Group.
 | |
| Company type | Joint venture |
|---|---|
| Tata AIA Life Insurance Company Ltd. | |
| Industry | Financial services |
| Founded | 1 April 2001 |
| Headquarters | Mumbai, India |
Key people | Naveen Tahilyani (CEO) |
| Products | Term life insurance ULIP Pension plan |
| Revenue |  ₹25,692 crore (US$3.1 billion) (2024) [1] |
| ₹1,314 crore (US$160 million) (2024) | |
| Parent | |
| Website | tataaia |
Tata AIA Life Insurance was licensed on February 12, 2001, and started its operations in India on April 1, 2001.[2] It offers a range of general insurance products such as term life insurance, ULIP, pension plan, casualty insurance, and the like. The company's products are available through distribution channels like agents, brokers, banks (through bank assurance tie-ups), and direct channels like telemarketing, digital marketing, etc.
References
edit- ^ "Tata Group financial services business make hefty profits".
- ^ "AIA increase stake in Tata AIA Life Insurance Company Limited to 49 percent". AIA Group Ltd. 25 April 2016. Retrieved 29 May 2024.