TATA AIG

Tata AIG General Insurance Company Limited
Joint venture
Industry Insurance
Founded 2001
Headquarters Mumbai, India
Key people
 Neelesh Garg(CEO)[1]
Services General insurance
Parent Tata Sons (74%)
American International Group (26%)
Website tataaiginsurance.in

Tata AIG General Insurance Company Limited (Now Called TATA AIG) is an Indian general insurance company, and a joint venture between the Tata Group and American International Group (AIG).[2] Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 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 several specialized financial lines. The Company's products are available through various channels of distribution 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 i.e. 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 both 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 several specialized Financial covers, while 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 of the company is situated 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 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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