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| Home > Professionals > Insurers |
Tata AIG General Insurance Company Products
Tata AIG General Insurance Company Limited
TATA Group
Tata Enterprises with 82 companies, spread over seven sectors and with an annual turnover exceeding US $ 8.8 billion, employs more than 262,000 people. Tata Group has shown over years that it is a value driven company and has pioneering contributions in various fields including insurance, aviation, iron and steel. Tata companies have forged a number of global alliances with eminent international partners in several fields. In terms of capital market performance as many as 40 listed Tata companies account for nearly 5% of the total market capitalization of all listed companies.
TATA Group in Insurance
The Late Sir Dorab Tata, was the founder Chairman of New India Assurance Co. Ltd., a group company incorporated way back in 1919. Government of India took over the management of this company as a part of nationalization of general insurance companies in 1972. Not deterred by the move, Tata group have ventured into risk management services having tied up with AIG group, back in 1977, with the incorporation of Tata AIG Risk Management Services Pvt. Ltd.
AIG
American Insurance Group is the leading U.S. based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in over 130 countries and jurisdictions throughout the world.
AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products.
The Joint Venture
Tata AIG General Insurance Co. Ltd. has a start-up capital of Rs. 125 crores of which 74 per cent has been brought in by Tata Sons and the American partner brings in the balance 26 per cent. Mr. Dalip Verma has been named managing director of Tata AIG General.
Tata-AIG plans to be the first Indian insurance company to offer a comprehensive policy to cover various risks in the IT sector; risk arising out of virus, cyber crime, negligent acts, errors and omissions and third party liability from a security failure.
Other products on offer are property, casualty, marine, directors and officers liability, accident and health, homeowners and automobile insurance.
Contact Address
The company is headquartered in Mumbai, with branch operations planned in Delhi, Chennai, Hyderabad, Bangalore and Calcutta by the end of the first quarter.
Tata AIG General Insurance Company Limited
1217, The Taj Mahal Hotel
Apollo Bunder
Mumbai- 400 001.
India
Tel: 91-22-283-3555 or 282-9802
Fax: 91-22-283-3553 or 284-3977
URL: www.aigindia.com
Contact Numbers of Branch offices:
Bangalore :- Tel 080-2273130-2; Fax: 080-2273129
Chennai :- 044-8224949; Fax: 044-8262427
Hyderabad :- 040-6505035; 6668450; Fax : 040-2273129
Kolkata :- 033-2170283; 2171136; Fax: 033-2171137
New Delhi: 011-3320264; 331 0227; Fax: 011-3310093
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