Page 2 - Tata Aia

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 ..