TATA AIA Life Insurance Co Ltd

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.

TATA AIA Life Insurance Company Review - Paisa  kaudi
TATA AIA Life Insurance Company Review – Paisa kaudi

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 CEOMr. Naveen Tahilyani
Corporate Office AddressTata 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 IDcustomercare@tataaia.com
Employee count10,000+
Assets Under
Management (AUM)
₹ 46,281 Crore (As on FY 2020-21)
TATA AIA Life Websitehttp://www.tataaia.com/
TATA AIA Life Twitterhttps://twitter.com/TataAIA_Life
TATA AIA Life Facebook https://www.facebook.com/TataAIALifeInsuranceIndia/
TATA AIA Life Linkedinhttps://www.linkedin.com/company/tata-aia-life-insurance
TATA AIA Life Details

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 NameUIN No
TATA AIA Life Sampoorna Raksha Supreme
TATA AIA Life Saral Jeevan Bima
TATA AIA Life InstaProtect Solution
TATA AIA Life – Term Plans

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

YearClaim Ratio
2020-2198.02%
2019-2099.06%
2018-1999.07%
2017-1898.00%
2016-1796.01%
TATA AIA Life Claim Settlement Ratio

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

YearMarket Share
2020-211.49%
2019-201.25%
2018-191.15%
2017-180.80%
2016-170.70%
TATA AIA Life – Market Share

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

What is the grace period of TATA AIA Life?

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.

Who is the CEO of TATA AIA Life?

Mr. Naveen Tahilyani is the MD and CEO of TATA AIA Life.

TATA AIA Life started in which year?

TATA AIA Life was incorporated in 2000 and they started their operations in 2001.

Who is the owner of TATA AIA Life?

Tata AIA Life Insurance Company Ltd. is a joint venture between Tata Sons Pvt. Ltd.(51%) and AIA Group Ltd. (49%).

Where is the headquarters of TATA AIA Life?

Tata AIA Life Insurance Company Ltd., 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 40001

Which is the best TATA AIA Life term insurance Plan?

TATA AIA Life Sampoorna Raksha Supreme, Saral Jeevan Bima, InstaProtect Solution are the term plans with TATA AIA Life Insurance.

How long does it take for an ICICI Pru Life death claim?

As per IRDAI, insurers should settle the death claim within 30 days.

How many branches does TATA AIA Life have?

TATA AIA Life has over 217 branches across India.

List of All Life Insurance Companies in IndiaClick Here
HomeClick Here

This covers all the topics on TATA AIA Life Insurance. Please comment if you need any further information on this.

Leave a Comment