Tata AIA Life Insurance

Tata AIA was formed on 1st April 2001 as a joint venture between Tata Sons Ltd. and AIA Group Ltd.

Company Vision

With “Making good happen is the reason we exist” mission, the vision 2020 is to target 2 million customers and to be among top 5 insurers with the following values – Integrity, Value performance, Entrepreneurship, market facing and deliver on promise.

Key Persons

  • Mr. Naveen Tahilyani (MD & CEO)
  • Mr. Heerak Basu (Appointed Actuary)
  • Mr. Rishi Srivastava (CMO,CPO)
  • Mr. H. Venkatachalam Iyer (Head Partner Distribution)
  • Ms. Kristyl Pais Bhesania (CHO)
  • Mr. Subhash Pillai (CFO)
  • Mr. Harshad Patil (CIO)
  • Mr. Sanjay Arora (CRO)

Financials for FY’16

  • Premium Collected: INR 2,508 crore
  • 1st Year Premiums: INR 724 crore
  • Renewal Premiums: INR 1,738 crore
  • Commissions Paid to Agents/Brokers/Agencies etc: INR 149 crore
  • Total Claims made: INR 2,891 crore
  • Claims by death: INR 138 crore
  • Share holding breakup: Tata Sons Ltd. 99.62 crore shares (51%), AIA International Ltd. 95.72 crore shares (49%)

Latest Updates about Tata AIA

Tata AIA in Decmber 2016 placed a non-binding bid to acquire 70% stake in PNB Metlife @INR 2,700 crore.
Later in March 2017, Tata AIA joined hands with Tata Teleservices and launched m-insurance. M-insurance will provide INR 1 lac life insurance policies to the subscriber base of Tata Teleservices in Andhra Pradesh and Telangana