what is tata aia

what is tata aia

1 year ago 40
Nature

Tata AIA is a life insurance company that offers a range of solutions spanning across life, savings, wealth, and retirement to suit the requirements of its customers. It is a joint venture company formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. Tata AIA Life Insurance combines Tatas preeminent leadership position in India and AIAs presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life Insurance is also one of the leading insurers in the Indian private sector. The company offers various types of life insurance policies such as term, pension, ULIP, and more. Tata AIA Life Insurance has been awarded the prestigious Kincentric Best Employer Award for six years in a row. The company reported an Individual Weighted New Business Premium (IWNBP) income of INR 7,092 Cr in FY23, an increase of 59% over FY22. The Individual Death Claims Settlement ratio improved from 98.53% in FY22 to 99.01% in FY23. Tata AIA Life Insurance is committed to providing its customers with financial protection and helping them achieve their financial goals.

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