About TATA AIA Life Insurance Co. Ltd.
Founded in April 2001, Tata AIA Life Insurance Company is a mutual collaboration between Tata Sons and the AIA Group with a stake of 51% and 49% sequentially. It is a combination of the flawless expertise that the two companies hold in their corresponding domains – Tata’s distinguished market carriage over distinct verticals in India, and AIA’s status of being the foremost autonomous life insurance group spread across 18 markets in the Asia Pacific.
The Company possesses a precise amalgamation of experience and efficiency.
The company boasts an extremely stable claim settlement ratio. This is achieved by extending customised life, health and group insurance solutions to individuals, companies across dimensions, sectors, and communities backed by an easy claim settlement process.
TATA AIA Life Insurance offers insurance products in the following domains :
- Life Insurance Plans
- Term Insurance Plans
- Protection Plans
- Wealth Plans
- Savings Solutions
- Child Solutions
- Retirement Solutions
- Health Solutions
- Group Insurance
- Micro Insurance
The Edge Offered by TATA AIA Life Insurance Company Ltd.
- Tata AIA Life acquired the Golden Peacock Award for Risk Management in the year 2016.
- The facility of Whatsapp-Service opt-in for updates.
- Hassle-free claim settlement process distinguishes the company from other insurance providers.
- The company accomplished a grievance settlement of 100% in FY 2015-2016
- TATA AIA aims to defend the lives of 3 million consumers by 2020.
Claim Settlement Ratio
In 2018-2019, TATA AIA Life’s claim settlement ratio was 99.07%.