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Tata AIA Life Insurance Company is a joint venture between the Tata Group (74%) and American International Group (AIA) (26%). The company started its life insurance business in India in April, 2001.
Tata Group is one of India’s most respected business names with more than a century old history in India. The group has diversified businesses interests in India from manufacturing steel, automobiles, IT services, financial services, power and telecom to name a few. The group has operations and businesses in more than 80 countries across. AIA Group Limited and its subsidiaries (collectively "AIA" or "the Group") comprise the largest independent publicly listed pan-Asian life insurance group in the world. AIA is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets.
Tata has entered into both the life Insurance and non-life Insurance business in India as separate businesses. With Tata’s brand name the business automatically inspires a lot of trust. The life insurancebusiness has a strong distribution network of branches, agents and bancassurance channels which are present throughout the length and breadth of India. The company has an excellent array of protection, savings and ulips which help them serve the different needs to customers.