Tata AIA Life Insurance Company Limited (Tata AIA Life Insurance) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life Insurance combines Tata’s preeminent 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 Paci¬c region. Tata AIA Life Insurance is also one of the leading insurers in the Indian private sector.
Tata AIA reported a total Premium Income of INR 25,692 crore for FY24, up 25% from FY23. The Company continues to rank among the Top 3 Private Insurers in Individual Weighted New Business Premium (IWNBP) with an IWNBP income of INR 7,413 crore. The Individual Death Claims Settlement ratio improved to 99.13%.
TATA AIA Corporate Solution aim at providing solution to corporates in the space of protection and retiral benefit. Corporate solution contributed 9.5 billion premiums across protection & retiral benefit through 1500 corporate policies covering 2.33 million lives. 1207 claim settled during this financial year worth 2.29 billion under group term life program.
