Tata AIG Life Insurance Company Limited |
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Tata Enterprises with 82 companies, spread over seven sectors and with an annual turnover exceeding US $ 8.8 billion, employs more than 262,000 people. Tata Group has shown over years that it is a value driven company and has pioneering contributions in various fields including insurance, aviation, iron and steel. Tata companies have forged a number of global alliances with eminent international partners in several fields. In terms of capital market performance as many as 40 listed Tata companies account for nearly 5% of the total market capitalization of all listed companies. The Group has had a long association with India's insurance sector having been the largest insurance company in India prior to the nationalisation of insurance. | ||||
TATA Group in Insurance |
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The Late Sir Dorab Tata, was the founder Chairman of New India Assurance Co. Ltd., a group company incorporated way back in 1919. Government of India took over the management of this company as a part of nationalization of general insurance companies in 1972. Not deterred by the move, Tata group have ventured into risk management services having tied up with AIG group, back in 1977, with the incorporation of Tata AIG Risk Management Services Pvt. Ltd. |
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AIG |
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American International Group, Inc is the leading U.S. based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in over 130 countries and jurisdictions throughout the world. | ||||
AIG's Life Insurance operations comprise of the most extensive worldwide network of any life insurer. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. | ||||
The Joint Venture |
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Tata AIG Life Insurance Co. Ltd. is capitalised at Rs. 185 crores of which 74 per cent has been brought in by Tata Sons and the American partner brings in the balance 26 per cent. Mr. George Oommen has been named managing director of Tata AIG Life. | ||||
Tata-AIG plans to provide broad array of life insurance plans to cover to both individuals and groups. | ||||
The company is headquartered in Mumbai, with branch operations in Delhi, Chennai, Hyderabad, Bangalore ,Calcutta, Pune and Chandigarh . | ||||
Contact Address |
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Tata AIG Life Insurance Company Limited |
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Contact Numbers of Branch offices: |
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Bangalore | :- Tel : 91-080 2081250-55; Fax:91-080 2273129 | |||
Chennai | :- Tel : 91-044-8593840;Fax:91-044-8593983 | |||
Hyderabad | :- Tel : 91-040-6626427/1552/8300;Fax:91-040-6625400 | |||
Kolkata | :- Tel : 91-033-2881901-10;Fax:91-033-2881757 | |||
New Delhi | :- Tel : 91-011-6927072/295/296/291;Fax:91-011-692-7087 | |||
Chandigarh | :- Tel : 91-0172-722 696 / 898 326 / 898 327 / 898 328 ;Fax:91-0172-708 651 | |||
Pune | :- Tel : 91-95205510625-29 | |||
Pune - Tata AIG Branch Office |
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