Tata Aia

BS BFSI Insight Summit 2022: Leading economists to discuss recession fears

From Aditi Nayar the Chief Economist at ICRA to Mridul Saggar, professor of practice, IIM Kozhikode; formerly MPC Member and RBI ED, here is the full list of economists on BFSI panel

IRDAI constitutes two task forces on issues of reinsurance support

The terms for reference for the task force include issues discussed by the industry players with Irdai in the recently concluded bi-monthly meeting with the top honchos of the general insurance firms

Tata AIA Life Insurance ties up with Common Service Centres

Tata AIA Life Insurance on Saturday said it has tied up with Common Service Centres which will provide access to about 95 per cent of gram panchayats in the country. As part of its effort to deliver much-needed life insurance protection cover to rural households and safeguard their loved ones from life's uncertainties, Tata AIA Life Insurance Co Ltd has partnered with Common Services Centres under the Ministry of Electronics & IT, the insurer said in a release. With this tie up, the company said it can engage into the network of over 4 lakh Village Level Entrepreneurs (VLEs) at the last mile for distribution of life insurance plan. "The partnership will allow Tata AIA Life Insurance to augment its reach to around 95 per cent of gram panchayats, building in-roads to make life insurance accessible to the remotest areas of Bharat," Tata AIA Life said. Venky Iyer, Chief Distribution Officer & Head of Marketing, Tata AIA Life Insurance, said, "At present, life insurance ...

Tata AIA Life expects total premium income to cross Rs 14,000 cr in FY22

Tata AIA Life Insurance's total premium income is likely to grow over 30 per cent to cross Rs 14,000 crore in the current fiscal, a top company official has said. The industry growth for the first 10 months of the year has been about 20 per cent mainly because of the base effect and if you look at the growth of the company, it is about 32 per cent on weighted new business premium, Naveen Tahilyani, MD & CEO, Tata AIA Life Insurance Co Ltd, told PTI in an interaction. The life insurer had earned a total premium income of Rs 11,105.09 crore in 2020-21. "We grew at 32 per cent in the first nine months of this fiscal and close to 40 per cent in the first ten months of the year. So, I expect to close the year with about 35 per cent business growth in new business premium and about 30 per cent growth in total premium. Our total premium should certainly cross Rs 14,000 crore this year," Tahilyani said. He said the awareness towards buying insurance has increased post-Covid. However, the .

Tata AIA Life premium income rises 23% to Rs 5,255 crore in H1 FY22

The insurer had a total premium income of Rs 4,269 crore during the first half of FY21

BS BFSI Insight Summit: Onus on life insurers to transform biz, say experts

The life insurance industry saw massive disruptions in the initial period of the pandemic

Tata AIA Life Insurance ties up with Practo for online medical consultation

Tata AIA Life Insurance on Wednesday said it has tied up with integrated healthcare company Practo for online medical consultation for its customers

Markets could consolidate at current levels: Harshad Patil, Tata AIA Life

The consensus earnings for the current fiscal (FY22) are projected to grow by an outsized 35-40 per cent on the back of a relatively weak earnings profile in the previous year, he said

Tata AIA Life Insurance FY21 total premium up 34% to Rs 11,105 cr

Private life insurer Tata AIA Life Insurance (Tata AIA Life) on Monday said its total premium income grew by 34 per cent to Rs 11,105.09 crore in fiscal 2021 as against Rs 8,308.51 crore in FY20. It registered a 26.9 per cent jump in individual weighted new business premium (IWNBP) income to Rs 3,416 crore in FY2020-21 as against Rs 2,692 crore in FY20, the insurer said in a release. The total renewal premium income has also witnessed a 37 per cent growth compared to the last financial year and increased from Rs 5,066.49 crore to Rs 6,961.36 crore, it said. "We kept up the momentum of our business even in the most disruptive year. Our market share grew, outpacing industry growth yet again and we continue to maintain our leadership in protection, having registered the highest growth in the last two years," Tata AIA Life Managing Director and CEO Naveen Tahilyani said. Total assets under management (AUM) grew by 47.16 per cent to Rs 46,281 crore in FY21 from Rs 31,450 crore in the la

As Covid-19 vaccination slows down, insurers insist customers take jabs

Only 3.2% of India's population has been fully vaccinated with two shots

A fresh round of selling cannot be ruled out: Harshad Patil, Tata AIA Life

The economy, for a large part of the quarter, was under lockdown, and hence the performance of companies would be muted.

Tata AIA launches m-Insurance with Tata Teleservices

Tata AIA Life Insurance and Tata Teleservices have jointly launched m-Insurance for the telecom provider's prepaid customers. The pilot has been launched in Andhra Pradesh and Telengana, said a press release issued by the company. The term life plan offered through m-Insurance comes with two options for the sum assured-Rs 50,000 and Rs 1 lakh. Customers are automatically enrolled on purchase of Tata DoCoMo's selected mobile recharge coupon (Special Tariff Voucher-STV). There is no need for any additional documentation at the time of purchasing the STV. Post the purchase of selected STV, customer is informed of the policy and cover details by a SMS, immediately followed by another text message asking for nominee details. Customer also receives details of the life cover via SMS which contains a weblink to download the Certificate of Insurance from www.tataaia.com. Reminders to renew the STV are also sent via SMS. To continue with the cover, customers must recharge the STV. The STV can ..