Tata AIG General Insurance Co Ltd - Company Profile
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Tata AIG General Insurance Co Ltd (Tata AIG), a joint venture between the Tata Group and the American International Group (AIG), is a provider of general insurance products to individuals and business. The company operates in two business verticals including Consumer Lines and Commercial Lines. Consumer business lines offer motor Insurance, health Insurance, travel Insurance, home insurance, rural-agriculture insurance and others insurance products for individuals. Its Commercial business lines offers director and officers, professional and general liability insurance; property and business interruption insurance; and special products like reps and warranties and environmental insurance. Its products are offered through a network of licensed agents, brokers and branches across India. Tata AIG is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
15th Floor, Tower A, Peninsula Business Park, G K Marg, Lower Parel, Mumbai, Maharashtra, 400013
Website
www.tataaig.com
Telephone
91 22 66699697
No of Employees
8,751
Industry
Financial Services
Revenue (2024)
$1.4B
Tata AIG General Insurance Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Health Insurance: | Claims Management Service |
| Wellsurance Executive Policy | Renewals |
| Family Health Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In September, the company signed a strategic bancassurance partnership with Equitas Small Finance Bank to offer Equitas’ customers access to a wide portfolio of non-life insurance products, including motor, health, personal accident, and travel, through the Bank’s extensive distribution network. |
| 2025 | New Products/Services | In April, the company launched MediCare Select, a new health insurance product. |
| 2024 | New Products/Services | In October, the company introduced five new riders that offer over 60 benefits. |
Competitor Comparison
| Key Parameters | Tata AIG General Insurance Co Ltd | ICICI Lombard General Insurance Co Ltd | Bajaj General Insurance Ltd | HDFC ERGO General Insurance Company Limited | SBI General Insurance Co Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Pune | Mumbai | Mumbai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 8,751 | 15,008 | 9,121 | 10,345 | - |
| Entity Type | Private | Public | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Amit Ganorkar | Director; Chief Executive Officer; Managing Director | Executive Board | 2025 | - |
| Sumedh Jog | Chief Financial Officer | Senior Management | 2019 | - |
| Vinay Rao | Chief Investment Officer | Senior Management | 2016 | - |
| Amit Bhargava | Chief Information Security Officer | Senior Management | 2026 | - |
| Meghana Rao | Chief Human Resources Officer | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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