Indian general insurance company and joint venture
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Tata AIG General Insurance Company Limited
Company type
Joint venture
Industry
Financial services
Founded
2001; 23 years ago (2001)
Headquarters
Mumbai, India
Key people
Neelesh Garg (MD & CEO)[1]
Products
Health insurance Travel insurance Vehicle insurance
Revenue
₹11,042.55 crore (US$1.4 billion) (2024) [2]
Operating income
₹915.36 crore (US$110 million) (2024) [2]
Net income
₹684.92 crore (US$86 million) (2024) [2]
Owner
Tata Sons (51%)
American International Group (49%)
Website
www.tataaig.com
Tata AIG General Insurance Company Limited is an Indian general insurance company and a joint venture between the Tata Group and American International Group (AIG).[3] Tata Group holds a 51 percent stake in the insurance venture with AIG holding the balance of 49 percent.
Tata AIG General Insurance Company, which started its operations in India on 22 January 2001, provides insurance to individuals and corporates. It offers a range of general insurance products including insurance for automobile, home, personal accident, travel, energy, marine, property and casualty as well as specialized financial lines. The company's products are available through distribution channels like agents, brokers, banks (Through bank assurance tie ups), and direct channels like
telemarketing, digital marketing, worksite etc.
^"Neelesh Garg appointed MD & CEO of Tata AIG General Insurance". The Economic Times.
^ abc"Tata AIG Q4FY24 results" (PDF).
^"Tata AIG Gen Insurance wins best claims service company of 2012". Business Standard. 12 June 2012. Retrieved 6 July 2012.
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Global Information
₹11,042.55 crore (US$1.4 billion) (2024) [2]