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About
Tata AIA life
Tata AIA Life Insurance Company Limited (Tata AIA) is a joint venture Company formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world, spanning 18 markets in the Asia Pacific region.
Tata AIA reported an Individual Weighted New Business Premium (IWNBP) income of INR 7,092 Cr in FY23, an increase of 59% over FY22. The Individual Death Claims Settlement ratio improved from 98.53% in FY22 to 99.01% in FY23. The Persistency ratio, reflecting the percentage of consumers who choose to renew their policies with Tata AIA, has earned the Company the top rank in four out of five cohorts, including 13th-month persistency. Compared to FY22, the 13th Month Persistency ratio (based on Premium) of the Company improved to 88.1%.
Our Vision
To be the pre-eminent protection provider – enabling dreams, inspiring healthier and happier lives
Our Mission
To provide the best and simplest life and health insurance solutions
Our Values
Consumer Obsession
Consumer is paramount in everything we do
Innovate solutions and services to delight our consumers
Transparently deliver on promise
Passion for Excellence
Set and achieve the highest standards
Do the Right things in the Right way
Take accountability and drive results
Pioneer Change
People - Our core
Inspire myself & my colleagues to be and deliver the very best
Create and take distinctive opportunities for development
Demonstrate courageous leadership at all times
Exceptionally reward outstanding performance and right behaviour
Our Credo
We bear the responsibility of our employees, who work with us.
We must provide for a diverse, equitable and inclusive work environment, where each employee must be valued as an individual and treated with respect, care, and compassion.
We must respect their dignity, recognize their merit, and enliven a sense of fulfilment and purpose in their jobs.
We must promote the health and wellbeing of our employees and enhance their work life balance.
Employees must feel free and encouraged to make suggestions as well share feedbacks.
There must be equal opportunity for employment, development, and advancement for those qualified and mobile.
We must develop highly capable leaders who are just, fair, ethical, and accountable for their actions.
We should ensure that the compensation is fair and competitive. We should also enable our employees with the right training, technology, equipment, resources, and guidance to perform their job effectively.
We are a socially and environmentally conscious organization, and shall always strive to inspire our employees, partners, associates, and vendors to lead a Healthier, Longer, Better and Purpose Driven Lives, and being responsible to the communities in which we live and operate.
Know More
About Us
Disclaimers
- *77,26,727 families protected till 31st March 2023.
- ~Retail Sum Assured for FY2023 is Rs 4,43,479 Crores
- ^As on 31st August 2023, the company has a total Assets Under Management (AUM) of Rs. 81,601.11 Crores
- #Individual Death Claim Settlement Ratio is 99.01% for FY 2022-23 as per the latest annual audited figures.
- **Applicable to only non-early claims more than 3 years of policy duration, non-investigation cases, up to Sum assured of 50 lacs. Applicable for branch walk in. Time limit to submit claim to Tata AIA by 2 pm (working days). Subject to submission of complete documents. Not applicable to ULIP policies and open title claims.
