Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company,
formed by Tata Sons and AIA Group Limited (AIA). Tata AIA Life combines Tata's pre-eminent
leadership position in India and AIA's presence as the largest, independent listed
pan-Asia life insurance group in the world spanning 16 markets in Asia Pacific.
Tata Sons holds a majority stake (74 per cent) in the company and AIA holds 26 per
cent through an AIA Group company. Tata AIA Life Insurance Company Limited was licensed
to operate in India on February 12, 2001 and started operations on April 1, 2001.
Enhance our customers’ well-being.
To be the most trusted life insurance company that values customers’ financial well-being,
consistently delivering best-in-class solutions and respected by all.
The Tata group comprises over 100 operating companies in seven business sectors:
communications and information technology, engineering, materials, services, energy,
consumer products and chemicals. The group has operations in more than 80 countries
across six continents, and its companies export products and services to 85 countries.
The total revenue of Tata companies, taken together, was $100.09 billion (around
Rs. 475, 721 crore) in 2011-12, with 58 percent of this coming from business outside
India. Tata companies employ over 450,000 people worldwide. The Tata name has been
respected in India for more than 140 years for its adherence to strong values and
Every Tata company or enterprise operates independently. Each of these companies
has its own board of directors and shareholders, to whom it is answerable. There
are 32 publicly listed Tata enterprises and they have a combined market capitalisation
of about $92.74 billion (as on February 21, 2013), and a shareholder base of 3.8
million. The major Tata companies are Tata Steel, Tata Motors, Tata Consultancy
Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices,
Titan, Tata Communications and Indian Hotels.
AIA Group Limited and its subsidiaries (collectively "AIA" or "the Group") comprise
the largest independent publicly listed pan-Asian life insurance group. It has operations
in 16 markets in Asia Pacific – wholly owned branches and subsidiaries in Hong Kong,
Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia,
Taiwan, Vietnam, New Zealand, Macau, Brunei, a 92 per cent subsidiary in Sri Lanka
and a 26 per cent joint-venture in India.
The business that is now AIA was first established in Shanghai over 90 years ago.
It is a market leader in the Asia Pacific region (ex-Japan) based on life insurance
premiums and holds leading positions across the majority of its markets. It had
total assets of US$119, 494 million as of 31 May 2012.
AIA meets the savings and protection needs of individuals by offering a range of
products and services including retirement savings plans, life insurance and accident
and health insurance. The Group also provides employee benefits, credit life and
pension services to corporate clients. Through an extensive network of agents and
employees across Asia Pacific, AIA serves the holders of more than 24 million individual
policies and over 10 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong
Limited under the stock code "1299" with American Depositary Receipts (Level 1)
traded on the over-the-counter market (ticker symbol: "AAGIY").