Founded in April 2001, Tata AIA Life Insurance Company is a mutual collaboration between Tata Sons and the AIA Group with a stake of 51% and 49% sequentially. It is a combination of the flawless expertise that the two companies hold in their corresponding domains – Tata’s distinguished market carriage over distinct verticals in India, and AIA’s status of being the foremost autonomous life insurance group spread across 18 markets in the Asia Pacific.
The Company possesses a precise amalgamation of experience and efficiency.
The company boasts an extremely stable claim settlement ratio. This is achieved by extending customised life, health and group insurance solutions to individuals, companies across dimensions, sectors, and communities backed by an easy claim settlement process.
In 2018-2019, TATA AIA Life’s claim settlement ratio was 99.07%.