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Tata AIG General Insurance Company Limited
Company typeJoint venture
IndustryFinancial services
Founded2001; 23 years ago (2001)
HeadquartersMumbai, India
Key people
Neelesh Garg (MD & CEO)[1]
ProductsHealth insurance
Travel insurance
Vehicle insurance
RevenueIncrease 11,042.55 crore (US$1.3 billion) (2024) [2]
Increase 915.36 crore (US$110 million) (2024) [2]
Increase 684.92 crore (US$82 million) (2024) [2]
Owner
Websitewww.tataaig.com Edit this at Wikidata

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

References

  1. ^ "Neelesh Garg appointed MD & CEO of Tata AIG General Insurance". The Economic Times.
  2. ^ a b c "Tata AIG Q4FY24 results" (PDF).
  3. ^ "Tata AIG Gen Insurance wins best claims service company of 2012". Business Standard. 12 June 2012. Retrieved 6 July 2012.