Tata AIG General Insurance Company Limited is a joint venture between Tata Sons Limited and American International Group (AIG). Tata AIG General Insurance Company Limited was incorporated on 24th August 2000 and commenced operations on 22nd January 2001 on obtaining license from IRDAI. The company has made a mark in the industry by launching several innovative products and services over the years.
Under its two main business verticals i.e. Consumer Lines and Commercial Lines, Tata AIG General Insurance Company Limited offers an extensive range of General Insurance covers that cater to various individual and business insurance needs. The products range from Home Insurance, Motor Insurance, Travel Insurance, Health Insurance, Rural-Agriculture Insurance, etc., for individuals under the Consumer Line vertical, and Property & Business Interruption insurance; D&O, Professional and General Liability Insurance; and special products like Reps & Warranties and Environmental Insurance under the Commercial Lines vertical. Each product offering is backed by professional expertise to help the customer along the entire relationship period. Tata AIG General Insurance Company Limited has handled 7, 28,160 claims and paid Rs. 2,426 Crs with an overall settlement ratio of 95% on overall basis. Tata AIG has the capability to service and settle claim across the world leveraging its JV partner AIG’s global reach & with an in-house capability of 450 plus experts spread across 158 offices in India. The customer service team which is the face of the company to the customer comprises of 667 employees in Operations & Customer Services, operating from various offices across India.
Today Tata AIG General Insurance Company Limited’s core strength lies in 3 product categories, i.e., Travel Insurance, Marine Insurance and Liability and the company aims to be the most preferred General Insurance Company in the industry. In order to achieve its vision of being the most preferred general insurance company, Tata AIG General Insurance Company Limited is increasing its general insurance penetration in India with various significant partnerships with leading business names from varied industries.