Tata AIA Life Insurance

Tata AIA Life Insurance is a joint venture company formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. Tata AIA Life Insurance is a leading insurer in India, offering a wide range of life insurance products, including protection plans, wealth plans, child plans, savings plans, group plans, and micro-insurance plans. In the financial year 2019-20, the company wrote a retail new business weighted premium of Rs. 2,692 crore and achieved a 13th-month persistency of 89.10% and an individual death claims settlement ratio of 99.06%. With its rapid growth, Tata AIA Life Insurance is now ranked at no. 5 based on individual weighted new business premium. The company's mission is to provide the best and simplest life and health insurance solutions, while its vision is to be the pre-eminent protection provider, enabling dreams and inspiring healthier and happier lives. Tata AIA Life Insurance is driven by values such as consumer obsession, passion for excellence, and a focus on its people. Founded in 2001 and headquartered in India, the company embodies a commitment to consumer-centric innovation, high standards, and people development. Tata AIA Life Insurance represents an attractive investment opportunity in the insurance industry, with a strong market position, impressive financial performance, and a clear focus on customer satisfaction and product innovation. As the company continues to expand its market presence and consolidate its standing as a leading insurer in India, it presents a compelling proposition for potential investors seeking exposure to the dynamic and growing insurance sector.