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 offers 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 66699696
No of Employees
8,855
Industry
Financial Services
Revenue (2023)
$1.3B
Tata AIG General Insurance Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Health Insurance: | Claims Management |
| MediCare | Renewals |
| Wellsurance Executive Policy | |
| 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 October, the company entered into a partnership with Bajaj Finance to offer motor insurance plans. |
| 2021 | New Products/Services | In October, Tata AIG introduced Remotely Piloted Aircraft System (RPAS) Insurance and distribution tied up with TropoGo, a deep tech startup. |
| 2021 | Contracts/Agreements | In September 2021, the company announced that India Post Payments Bank (IPPB) entered into an agreement with Tata AIG and Bajaj Allianz General Insurance to offer non-life insurance products across India. |
Competitor Comparison
| Key Parameters | Tata AIG General Insurance Co Ltd | ICICI Lombard General Insurance Co Ltd | HDFC ERGO General Insurance Company Limited | Bajaj Allianz General Insurance Co Ltd | SBI General Insurance Co Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Mumbai | Pune | Mumbai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 8,855 | 12,865 | 10,192 | 9,000 | - |
| Entity Type | Private | Public | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Neelesh Garg | Chief Executive Officer; Managing Director | Executive Board | 2021 | 50 |
| Sumedh Jog | Chief Financial Officer | Senior Management | 2019 | 42 |
| Vinay Rao | Chief Investment Officer | Senior Management | 2016 | 47 |
| Jitesh Bawa | Chief Human Resources Officer | Senior Management | 2021 | 50 |
| Madhukar Sinha | Chief Legal & Compliance Officer | Senior Management | 2001 | 59 |
| 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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