TATA AIG

Tata AIG General Insurance Company Limited

Company type	Joint venture
Industry	Financial services
Founded	2001; 23 years ago (2001)
Headquarters	Mumbai, India
Key people	Neelesh Garg (MD & CEO)[1]
Products	Health insurance Travel insurance Vehicle insurance
Revenue	₹9,942.81 crore (US$1.2 billion) (2023) [2]
Operating income	₹738.27 crore (US$92 million) (2023) [2]
Net income	₹553.05 crore (US$69 million) (2023) [2]
Owner	Tata Sons (51%) American International Group (49%)
Website	www.tataaig.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).^[3] Tata Group holds a 51 percent stake in the insurance venture with AIG holding the balance of 49 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). This joint venture has started its operations in India from 22 January 2001. The company provides corporate and personal insurance services and automotive insurance as well.

The organization offers general insurance. 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 is active in more than 160 locations.^{[citation needed]}

Product and services

• Tata AIG Car Insurance
• Tata AIG Two Wheeler Insurance
• Tata AIG Health Insurance
• Tata AIG Travel insurance
• Tata AIG Home Insurance
• Tata AIG Property Insurance
• Tata AIG Marine Insurance
• Tata AIG Liability Insurance

References

This page was last edited on 25 April 2024, at 16:05