Tata AIA Life Insurance is continuously on the lookout for new and passionate employees to join our team. We seek out bright individuals who will assist us in moving our company forward and putting us at the forefront of our industry.
How can I become a Tata AIA agent?
For the third year in a row, Tata AIA Life has been named Aon Best Employer India 2018, making it the first life insurance company to win a hat trick! Godbless Consultancy Services, Delhi, acknowledges Tata AIA Life’s talent management and reward and recognition efforts, which resulted in a high level of employee engagement.
According to a study done by Aon, a worldwide research agency, Tata AIA Life is one of India’s Best Employers in 2018. The Aon Global Best Employers program recognizes organizations that have succeeded in implementing the best practices and concepts required to improve their workplace environment.
Tata AIA Life, as one of the country’s fastest-growing life insurers, focuses on the three core values that bind the company to its employees consumer obsession, passion for excellence, and people – our core allowing it to institutionalize initiatives defined by three distinct parameters commitment, pride, and engagement. The company’s strong people practices revolve around giving staff unique development opportunities, a detailed procedure for rewarding outstanding performers, and allowing employees to make decisions. The organization has implemented novel procedures such as the ‘Own your talent’ mentorship program, in which members of the executive committee and senior leadership foster and develop top talent. Apart from monetary prizes, the organization has implemented ‘Celebrate Success,’ a recognition effort aimed at making staff feel respected and valued for their achievements.
“Congratulations Tata AIA Life for being named Aon Best Employer in 2018,” Ashish Ambasta, practice leader engagement and culture, Aon India, stated in his congratulatory statement. Tata AIA Life has been able to stand out as an employer brand in a congested industry like insurance, attracting, retaining, and ensuring the performance of the right personnel for a long time. This has ensured the company’s growth over the last few years. “Tata AIA Life, keep up the wonderful effort!”
One of the most thorough surveys of its kind in Asia Pacific is the Aon Best Employers program. The study, which began in 2001, aims to gain insight into firms that are gaining actual competitive advantage through their people and to investigate what makes a company a Best Employer. The Aon’s Best Employers India 2018 report looked at 125 firms from ten industries, representing about 329,000 people. The methodology for the study included a rigorous nine-month procedure that ended in an external panel of independent jurors deciding on the list of Best Employers. (Image courtesy of Tata AIA Life’s press release)
About Tata AIA Life
Tata AIA Life Insurance Firm Limited (Tata AIA Life) is a Tata Sons Ltd. and AIA Group Ltd. joint venture company (AIA). Tata AIA Life blends Tata’s preeminent leadership position in India with AIA’s position as the world’s largest, independent listed pan-Asian life insurance firm, spanning 18 Asia Pacific markets. For the financial year 2017-18, Tata AIA Life wrote retail new business weighted premium of INR 1,397 crores. The company’s 13th month persistency was 81.2 percent, while the retail claims settlement ratio was 98 percent for the same time period.
Careers at Tata AIA Life
Employees, according to the company, are the secret to its success. Respect for people and diversity are emphasized in the values. Tata AIA Life believes that people have long careers and strong beliefs, and that it is their contribution that acts as the foundation for the company. APPLY RIGHT NOW
“TATA AIA Life Insurance Co. Ltd does not charge a recruitment fee to applicants who are hired. TATA AIA Life Insurance Co. Limited does not authorize any third party (such as vendors, placement services, recruitment agencies, and so on) to make any employment offers to applicants / candidates, and does not charge any fee / registration / recruitment charges, etc. for referring and placing applicants / candidates with them. If you are approached by anyone for a fee, charge, or payment of any kind, please do not pay it and immediately notify us in writing with complete details of such agencies, vendors, organizations, or individuals. “
How much do Tata AIA agents earn?
For people with less than one year of experience to seven years of experience, the average Tata AIA Life Insurance Agent pay in India is 1.9 lakhs. At Tata AIA Life Insurance, agent salaries range from 0.1 lakhs to 3 lakhs. Salary estimations are based on ten salaries collected from Tata AIA Life Insurance employees.
Is Tata AIA job good?
a pleasant location to work Tata AIA Life is a fantastic firm to start with because it does not put you under a lot of strain for the first three months and then gradually expects more from you, resulting in lucrative incentives.
How can I become an insurance agent in India?
A candidate must pass the IRDAI IC 38 pre-recruitment qualifying exam to become an Insurance Agent in India. A candidate must pass the IRDA IC 38 Exam to become a General Insurance Agent in India.
Why do you want to join Tata AIA?
To energise and innovate its sector, every firm requires new blood. At Tata AIA Life Insurance, we’re always looking for new people to join our team and help us achieve our common goal. We seek out talented individuals who are eager to help us grow our company. Tata AIA Life Insurance participates in campus recruitment to achieve this goal.
This specialized and integrated program aims to provide talented young people with conceptual clarity, skill development, and industry exposure. The curriculum is tailored to the demands of the industry, and the program’s design emphasizes industry exposure through academic and functional experts from the field. Participants will also get the opportunity to participate in industry-related internships at Tata AIA Life Insurance, as well as on-the-job training for a set period of time, subject to the course duration.
Who is CEO of Tata AIA Life Insurance?
Mumbai, July 23, 2020: Tata AIA Life Insurance Company Limited (Tata AIA Life Insurance), one of India’s fastest-growing life insurance businesses, announced today that Naveen Tahilyani has been appointed as the new Chief Executive Officer and Managing Director, subject to IRDAI regulatory approval. Rishi Srivastava, the present Chief Executive Officer, will be replaced by Naveen Tahilyani, who will become Chief Executive Officer, Group Agency Distribution, AIA Group, Hong Kong.
Until 2019, Naveen Tahilyani was the CEO of AIA Hong Kong’s Group Partnership Distribution, where he was instrumental in improving AIA’s Partnership Distribution for the AIA Companies. Prior to this, from 2015 to 2018, he was the CEO and Managing Director of Tata AIA Life Insurance. Naveen played a key role in developing a high-performing work culture, as well as delivering a strong multi-distribution business, profitable growth, a strong leadership team, and best-in-class customer service. Tata AIA Life Insurance was named the fastest growing company in the Indian market during this time, rising from #17 to #5 in terms of Individual Weighted New Business Premium. Tata AIA Life Insurance won the AON Best Employer Award twice in a row under Naveen’s leadership, as well as the AIA Most Outstanding Country Award in 2017.
Rishi is the Managing Director and Chief Executive Officer of Tata AIA Life Insurance in India. The company grew rapidly and profitably during his stint as Managing Director. Rishi was instrumental in reimagining Agency with a focus on Agency acceleration and long-term Agency growth, digitally launching it, scaling up the multi-distribution approach by expanding to HDFC branch banking and launching the partnership with the Central Bank of India, and strengthening the distributor’s digital capabilities. Tata AIA Life Insurance is one of the fastest growing companies in the insurance industry, with a considerable market share, thanks to Rishi’s leadership. Tata AIA Life Insurance has earned the AIA Most Outstanding Country Award for the past two years in a row, and AON Best Employer for the fourth year in a row, with 87 percent employee engagement.
Tata Sons and AIA Group are convinced that under Naveen’s strong and experienced leadership, Tata AIA Life Insurance will continue to develop.
Tata AIA Life Insurance Company Limited (Tata AIA Life Insurance) is a joint venture between Tata Sons Pvt. Ltd. and the AIA Group Ltd. (AIA). Tata AIA Life Insurance blends Tata’s preeminent leadership position in India with AIA’s position as the world’s largest, independent listed pan-Asian life insurance firm, with operations in 18 Asia Pacific regions. For the financial year 2019-20, Tata AIA Life Insurance has written retail new business weighted premium of Rs. 2,692 crore. The company’s 13th month persistency was 89.10 percent, while the individual death claims settlement ratio was 99.06 percent for the same time period. Tata AIA Life Insurance, one of the fastest-growing businesses in the Life Insurance sector, is presently placed fifth in terms of individual weighted new business premium.
The Tata group, which was founded by Jamsetji Tata in 1868 and is headquartered in India, is a multinational conglomerate with 30 enterprises spread over ten industries.
With a vision to ‘enhance the quality of life of the communities we serve internationally through long-term stakeholder value generation based on Leadership with Trust,’ the company operates in more than 100 countries across six continents.
Tata Sons is the Tata Group’s primary investment holding firm and promoter. Philanthropic trusts own 66% of Tata Sons’ equity share capital, which supports education, health, livelihood generation, and art & culture.
The combined revenue of Tata enterprises in 2018-19 was $113.0 billion (Rs. 792,710 crore). Over 720,000 people are employed by these companies.
Each Tata firm or enterprise functions independently, with its own board of directors guiding and supervising it. As of March 31, 2019, there were 28 publicly traded Tata companies with a total market capitalization of over $160 billion (Rs. 11, 10,308 crore).
Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Tata Advanced Systems, Indian Hotels, and Tata Communications are some of the companies that make up the Tata Group.
The AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) are Asia’s largest publicly traded pan-Asian life insurance company. It has wholly-owned branches and subsidiaries in Hong Kong SAR, Mainland China, Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, the Philippines, South Korea, Taiwan (China), Vietnam, Brunei, Macau SAR, New Zealand, and a 49 percent joint venture in India. The company that is currently known as AIA was founded in Shanghai almost a century ago, in 1919. Based on life insurance premiums, it is the market leader in the Asia-Pacific area (excluding Japan), and it leads in the bulk of its markets. As of December 31, 2019, it had total assets of US$284 billion.
AIA offers a variety of products and services, including life insurance, accident and health insurance, and savings programs, to satisfy the long-term savings and protection needs of consumers. Corporate clients can also take use of the Group’s employee benefits, credit life, and pension services. AIA services the holders of over 36 million individual policies and over 16 million members of group insurance schemes across Asia-Pacific through a large network of agents, partners, and staff.
The Stock Exchange of Hong Kong Limited lists AIA Group Limited under the stock code “1299” on the Main Board, with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
What is the full form of AIA in Tata AIA?
Tata AIA Life Insurance Company has replaced Tata AIG Life Insurance. This comes three years after AIA and American International Group (AIG) split up as part of a global transaction.
In September 2008, AIG, an American global insurance firm, experienced a liquidity difficulty and has since sold a number of its subsidiaries and other assets to repay loans. American International Assurance (AIA), based in Hong Kong, was a member of AIG until it left in 2009.
The AIA Group Limited and its subsidiaries (collectively, “AIA” or “the Group”) are the world’s largest publicly traded pan-Asian life insurance group. As of November 30, 2011, it has total assets of US$114,461 million. In Asia Pacific, it has 14 wholly-owned major operating subsidiaries or branches, as well as a 26% joint venture investment in India.
Tata AIA Life Insurance Firm Limited (Tata AIA Life) is a Tata Sons and AIA Group Limited joint venture company (AIA). Tata Sons owns a 74% share in the corporation, while AIA owns a 26% stake through an AIA Group entity. On February 12, 2001, Tata AIA Life Insurance Company Limited received its Indian license and began operations on April 1, 2001.
Is Tata AIG and Tata AIA same?
Following the departure of American International Group (AIG) from the Hong Kong-based insurer AIA Group, TATA AIG Life Insurance has been renamed Tata AIA Life Insurance Company. The Tata Group and AIG formed Tata AIG in 2001 as a joint venture (JV). Tata Sons owns 74% of the JV, while AIA, in which AIG formerly held a majority position, owns the remaining.