Rs 876 Crore Tata Aig Cover For Wipro Staff

Tata AIG Life Insurance Company has extended the largest risk cover among private insurers to the 15,930 employees of Wipro Ltd for a total sum assured of Rs 876 crore. According to executives of the insurance company, this is the largest insurance cover extended by a private insurer.

The Life Insurance Company of India (LIC) sold a group insurance policy to Infosys Technologies earlier this year, covering its 13,000 employees for a total sum assured of Rs 1,300 crore. While LIC