Tata AIA Life Insurance is a joint venture between Tata Sons Pvt. Ltd.(51%) and AIA Group Ltd. (49%). Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals. AIA Group Limited comprise the largest independent publicly listed pan-Asian life insurance group.
List of Topic Covered
TATA AIA Life Insurance Overview
- Started operations in the year 2001, TATA AIA Insurance is one of the leading insurers in the Indian private insurance sector.
- Tata AIA Life Insurance has been awarded the prestigious AON Best Employer Award for four years in a row.
- They have an amazing list of products which satisfies their customer needs. They have products like term life, ULIP, savings and retirement solutions.
- TATA AIA Life Insurance has over 218 branches across India.
CEO and Contact Details of TATA AIA Life
| Managing Director and CEO | Mr. Naveen Tahilyani |
| Corporate Office Address | Tata AIA Life Insurance Company Ltd., 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 40001 |
| Contact No. | Customer Service Helpline: 1860 266 9966 NRI Helpdesk: 022-6251 9966 |
| Email ID | customercare@tataaia.com |
| Employee count | 10,000+ |
| Assets Under Management (AUM) | ₹ 46,281 Crore (As on FY 2020-21) |
| TATA AIA Life Website | http://www.tataaia.com/ |
| TATA AIA Life Twitter | https://twitter.com/TataAIA_Life |
| TATA AIA Life Facebook | https://www.facebook.com/TataAIALifeInsuranceIndia/ |
| TATA AIA Life Linkedin | https://www.linkedin.com/company/tata-aia-life-insurance |
TATA AIA Term Insurance Plans
Term insurance is the purest form of life insurance available at very affordable premiums. It helps to financially protect the family (Nominee) in case of unfortunate demise of the policyholder. The premium of a term plan depends on many factors such as age, gender, ppt, policy term, sum assured, etc
TATA AIA Life offers different term plans based on different needs of the customers.
Lets, check the list of term insurance plans from TATA AIA Life. Click on the plans to get the detailed review of it.
| Product Name | UIN No |
| TATA AIA Life Sampoorna Raksha Supreme | |
| TATA AIA Life Saral Jeevan Bima | |
| TATA AIA Life InstaProtect Solution |
Claims process of TATA AIA Life
Claim process is a procedure through which claim is authenticated and claim amount is disbursed to the policyholder or nominee or beneficiary or appointee or assignee. TATA AIA Life’s trained team expertly examines your claim, and guides you to settle your claim in a seamless manner.
Read TATA AIA Life Insurance Claim Settlement Process in Detail.
TATA AIA Life Claim Settlement Ratio
Claim settlement ratio is the percentage of claims settled out of the total number of claims filed in a financial year. Higher the percentage, better is the insurer. IRDAI (Insurance regulatory and development authority of India) issues an annual report on claim settlement ratio of life insurance companies every year.
For example : Let’s suppose TATA AIA Life has received 100 claims in a financial year and it settles 95 in the same financial year. So the claim ratio of TATA AIA Life will be (95/100) x 100 = 95% for the same financial year.
Claim settlement ratio of last 5 years of TATA AIA Life
| Year | Claim Ratio |
| 2020-21 | 98.02% |
| 2019-20 | 99.06% |
| 2018-19 | 99.07% |
| 2017-18 | 98.00% |
| 2016-17 | 96.01% |
TATA AIA Life Claim Settlement Ratio From 2006 to 2022 >
Market share of TATA AIA Life
It is the percentage of new business (first year + single) premium received out of the total new business premium received by all life insurance companies.
Market share of last 5 years of TATA AIA Life
| Year | Market Share |
| 2020-21 | 1.49% |
| 2019-20 | 1.25% |
| 2018-19 | 1.15% |
| 2017-18 | 0.80% |
| 2016-17 | 0.70% |
Bonus Rates of TATA AIA Life Plans
Every year TATA AIA Life declares bonuses to their premier products which participate in profits.
Click here to Get Bonus Rates of All TATA AIA Life Policies
TATA AIA Life Branch Locator
We have made a list of TATA Life branches in top 10 cities i.e Mumbai, New Delhi, Bengaluru, Chennai, Gurgaon, Pune, Hyderabad, Ahmedabad, Kolkata and Lucknow. You will find addresses with contact details of every branch mentioned in the above cities. Click below to get the details.
Check TATA AIA Life Branch Near Me
TATA AIA Life Insurance FAQs
The policyholder has a grace period of 15 days for monthly premium payment and 30 days for half-yearly and yearly premium payment policy. If you pay your premium within the grace period, your policy will continue.
Mr. Naveen Tahilyani is the MD and CEO of TATA AIA Life.
TATA AIA Life was incorporated in 2000 and they started their operations in 2001.
Tata AIA Life Insurance Company Ltd. is a joint venture between Tata Sons Pvt. Ltd.(51%) and AIA Group Ltd. (49%).
Tata AIA Life Insurance Company Ltd., 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 40001
TATA AIA Life Sampoorna Raksha Supreme, Saral Jeevan Bima, InstaProtect Solution are the term plans with TATA AIA Life Insurance.
As per IRDAI, insurers should settle the death claim within 30 days.
TATA AIA Life has over 217 branches across India.
| List of All Life Insurance Companies in India | Click Here |
| Home | Click Here |
This covers all the topics on TATA AIA Life Insurance. Please comment if you need any further information on this.