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TATA AIG

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Tata AIG General Insurance Company Limited
Company typeJoint venture
IndustryInsurance
Founded2001
HeadquartersMumbai, India
Key people
Neelesh Garg (CEO)[1]
ServicesGeneral insurance
ParentTata Sons (74%)
American International Group (26%)
Websitetataaig.com

Tata AIG General Insurance Company Limited is an Indian general insurance company and a joint venture between the Tata Group and American International Group (AIG).[2] Tata Group holds a 74 percent stake in the insurance venture with AIG holding the balance of 26 percent.

Tata AIG General Insurance Company, which started its operations in India on 22 January 2001, provides insurance to individuals and corporates. It offers a range of general insurance products including insurance for automobile, home, personal accident, travel, energy, marine, property and casualty as well as specialized financial lines. 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, worksite etc.

History

Tata AIG General Insurance Company Limited (Tata AIG General) is a business collaboration of the Tata Group and American International Group, Inc. (AIG). Tata AIG General merges two major finance organizations: the Tata Group's prominent headship place in India and AIG's global presence as the world's leading international insurance and financial services organization. This joint venture has started its operations in India from 22 January 2001. The company provides corporate and personal insurance services.

The organization offers an array of general insurance covers which are well thought-out under commercial and consumer demands. The commercial sector covers Energy, Marine, Property and specialized Financial covers. The consumer insurance service offers a variety of general Insurance products such as insurance for Automobiles, personal accident, casualty, home, health and travel.

The company has made the availability for its services from end to end channels of distribution like agents, banks (through bancassurance tie ups), brokers and direct channels like tele-marketing, e-commerce, website, etc.

The headquarters is in Mumbai. The company has provided the employment to more than 2000 qualified professionals across the country in more than 160 locations.

Tata AIG Life Insurance was rechristened[when?] as Tata AIA Life Insurance Company following the exit of American International Group (AIG) from the Hong Kong-based insurer AIA Group.[3]

References

  1. ^ http://economictimes.indiatimes.com/wealth/news/neelesh-garg-appointed-md-ceo-of-tata-aig-general-insurance/articleshow/49168317.cms
  2. ^ "Tata AIG Gen Insurance wins best claims service company of 2012". Business Standard. 12 June 2012. Retrieved 6 July 2012.
  3. ^ "Tata AIG Life Insurance Company to be now called Tata AIA Life Insurance Company". Retrieved 16 May 2013.
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