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Last updated: 19 Sep 2025, 01:31 PM
Tata AIG General Insurance: Innovative Solutions for Everyday Risks
Tata AIG General Insurance Company Limited, established on January 22, 2001, as a joint venture between the Tata Group (51% stake) and American International Group (AIG, 49% stake), is headquartered in Mumbai. Celebrating 24 years in 2025, it is a leading private general insurer in India, specializing in trustworthy, innovative products for individuals and businesses across diverse sectors.
In-Depth Details
Key Highlights
- Products Offered: Extensive range of 50+ plans under Consumer and Commercial lines, including health (e.g., MediCare for hospitalization and critical illness), motor (e.g., car/bike covers with zero-depreciation), travel (e.g., global protection for 200+ destinations), personal accident, home, marine cargo, rural-agriculture, liability (e.g., pollution legal liability), engineering, extended warranty, and specialized covers like surety bonds and satellite in-orbit liability—featuring add-ons for wellness, AYUSH, and maternity benefits.
- Reach & Scale: 249 offices nationwide, 102,000+ agents, 685+ brokers, and bancassurance partners; 8,800+ employees including 750+ claims experts; 12,000+ network hospitals and 7,500+ garages; serves 5 crore+ customers, issuing 1 crore+ policies annually; global claim servicing network.
- Performance Metrics: Gross Written Premium: ₹15,423 crore (FY 2024); Profit After Tax: ₹685 crore (up 4.2x over 10 years); Assets Under Management: ₹26,854 crore; 10-year GWP CAGR: 20% (outpacing industry's 14%); targets 30% GWP growth in FY 2025, with health segment rising to 25% of portfolio.
- Achievements: ASSOCHAM 16th Global Insurance Summit & Awards 2024: Mature Insurer Overall Achievement - General Insurance; India Insurance Summit & Awards 2024: Best AI Tech Implementation and Best Innovation in User Experience; Diversity Awards 2024: Top 3 Companies in BFSI; launched India's first satellite in-orbit third-party liability policy (May 2024).
