Tata AIA Life Insurance Co Ltd - Company Profile
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Tata AIA Life Insurance Co Ltd (Tata AIA Life Insurance), a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd, is a provider of life and health insurance solutions. The company’s product range includes term insurance, unit linked insurance, group insurance, traditional riders and ULIP (Unit Linked Insurance Plan) riders, and combo plans. It’s term insurance plan provides with an option for whole life coverage and other benefits. Tata AIA Life Insurance also offers wealth protection, life insurance savings, and retirement plans including smart annuity and guaranteed monthly income plan. Its plans include Saral Jeevan Bima, Guaranteed Return Insurance Plan, Guaranteed Monthly Income Plan, Sampoorna Raksha Supreme, Fortune Guarantee Plus, Smart Annuity Plan, Fortune Pro, Smart Income Plus, Group Sampoorna Raksha, Daimond savings pla, Accidental Death and Dismemberment (Long Scale) (ADDL) Rider and others. Tata AIA Life Insurance is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, 400013
Website
www.tataaia.com
Telephone
91 860 2669966
No of Employees
12,307
Industry
Financial Services
Revenue (2023)
$3.2B
Tata AIA Life Insurance Co Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Term Insurance Plan | Claims Settlement | TATA AIA |
| Traditional and ULIP Riders Plan | Online Premium Payment | |
| Unit Linked Insurance | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In June, the company partnered with WhatsApp, PayU to introduce digital payment options. |
| 2022 | Contracts/Agreements | In October, the company and Medix partnered to offer TATA AIA’s consumers access to a local and and global network of accredited medical specialists to manage their medical journey related to serious illnesses. |
| 2022 | Contracts/Agreements | In April, the company entered into an agreement with CSC to make insurance available in rural India. |
Competitor Comparison
| Key Parameters | Tata AIA Life Insurance Co Ltd | SBI Life Insurance Co Ltd | HDFC Life Insurance Co Ltd | ICICI Prudential Life Insurance Co Ltd | Kotak Mahindra Life Insurance Company Limited |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Mumbai | Mumbai | Mumbai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 12,307 | 20,787 | 32,448 | 17,825 | - |
| Entity Type | Private | Public | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Saurabh Agrawal | Chairman | Executive Board | - | - |
| Naveen Tahilyani | Director; Managing Director; Chief Executive Officer | Executive Board | - | - |
| Samit Upadhyay | Chief Financial Officer; Head - Products and Propositions; President | Senior Management | - | - |
| Girish Kalra | Chief Marketing Officer | Senior Management | - | - |
| Kshitij Sharma | Chief Risk Officer; Senior Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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