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Tata Group

Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals.The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.

 

Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2019-20, the revenue of Tata companies, taken together, was $106 billion (INR 7.5 trillion). These companies collectively employ over 750,000 people.

 

Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of $123 billion (INR 9.3 trillion) as on March 31, 2020. Companies include 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.

Culture at Tata AIA Life Insurance

Being a part of the Tata Group, we align our vision to the Tata Group Core Purpose: To improve the quality of life of the communities we serve through long-term stakeholder value creation.

At Tata AIA Life Insurance, we firmly believe that our employees are the key to our success. Our employees share the following strong characteristics: integrity, performance-driven mindset, share entrepreneurial spirit and deploy market-facing strategies.

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  • 2020
  • 2019
  • 2018

Tata AIA Life Wins Extraordinaire Award

 

Tata AIA Life Insurance has won the Extraordinaire Award at the 5th edition of Brand Vision Summit 2019-20. The award has been conferred upon our MD & CEO, Mr. Rishi Srivastava, for the role that Tata AIA Life has played in addressing the Life Insurance Protection Gap in India.

Mr. Anurag Thakur, Hon'ble Minister of State, Finance and Corporate Affairs, Government of India, who was the Chief Guest at the event, gave away the award which took place in Mumbai on 20th February.

Some of the other winners of awards were Abbott India, Xiaomi India, Cairn India, Hindware Appliances and Carl Zeiss.

Every year Brand Vision honours India’s leading achievers across Corporate, Healthcare, Philanthropy, Education & Entertainment sector, and highlights the strategies and steps adopted by them for the growth of their brands.

The event is supported by leading English news channel Times Now. .....Read more

 

 

Tata AIA Life Wins two top PR awards



Tata AIA Life has won two top industry awards for its PR campaign for creating awareness about the need for Life Insurance Protection in India.

The Company won the Best Communication Strategist of the Year award, at the Corporate communication & PR summit, organized by Morpheus Enterprise. The other award is for the Best Direct-to-Consumer PR Campaign of the Year, at the 2020 Customer Fest Show, organized by Kamikaze Media.

To support the vision of Tata AIA Life to become the pre-eminent protection provider in the country, the Corporate Communications team started the campaign in 2018, which resulted in a significant increase in brand recall and thought leadership position in Protection solution space in the industry.

Awards Won by Tata AIA Life – 2019 

 

  1. 2019 Aon Best Employer Award

  2. 2019 India Insurance Summit & Awards – InsureTech Company of the Year

  3. 2019 Annual Masters of Modern Marketing Awards & Conference – Best Influencer Marketing Campaign

  4. 2019 UBS Forum Out of Box Compliance Program Award  - Compliance Team of  the Year

  5. IDEAFEST Most Trusted CEO of the Year – Rishi Srivastava

 

Tata AIA Life wins 2019 Aon Best Employers Award fourth time in a row

 

Tata AIA Life Insurance Pvt. Ltd. (Tata AIA Life), the life insurance joint venture promoted by the Tata Group and AIA Group, has been recognized Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of human capital, risk, retirement and health solutions. The Aon Best Employers program evaluates employee opinions to measure employee engagement, leadership, performance culture, employer brand and recognizes employer excellence worldwide.

"At Tata AIA, we have built a high-performance work culture. And a company with a mind and a heart when it comes to people, highly professional, focused on delivery and business results, and yet with a heart, where we care for people." says Bhesania. The initiatives, she says, put people in the spotlight right from 'hire to retire' says Kristyl Pais Bhesania, Executive President and Head HR at Tata AIA Life Insurance. ...Read more

The AON Best Employers India 2019 study covered 125 companies. A rigorous analysis is run to measure the alignment between intent, design and experience, assessed through:

  • CEO survey

  • CEO interview

  • People practices survey

  • Employee opinion survey

  • A shortlisted set taken through an intense on-site audit to validate the details; client names are masked during this process

  • An external panel of unbiased jury to evaluate the participants

Tata AIA Life Insurance has taken several initiatives to ensure that its employees enjoy their job, understand clear business goals and deliver optimum results. The company strongly believes that 'pleasure in the job puts perfection in the work'. The Company has an innovative performance management and recognition process, that ensures that the employees consistently deliver on time with the highest quality.


About the Aon Best Employers study

The Aon Best Employers programme is a global study, which was first conducted in 2001. In Asia, it is run in 12 markets: China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, Australia and New Zealand. Participation in the programme helps define what makes a winning workplace.


About Aon

Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Its 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics, to deliver insights that reduce volatility and improve performance.

Awards Won by Tata AIA Life – 2018

 
 
  1. 2018 Aon Best Employer Award

  2. Great Manager Award 2018

  3. 2018 TAVF Awards – Best Digital Campaign (Best use of Video)

  4. 2018 Legasis Compliance Team of the Year Award

Planning Retirement in the Right Manner

27th November 2019 | 5 min |

The sooner you kick start your retirement plan, the better it is. An early beginning certainly has a number of advantages; your money has more time to grow and attain a substantial proportion. Make sure the corpus is adequate to help you maintain your lifestyle during your golden years. Don’t forget to factor in inflation.

In India, the average life expectancy has seen a rise in the past few years. Life expectancy has grown from 47 years in 1969 to 69 years in 2019. Increasing life expectancy also means an increased number of post retirement years to plan for.

In today’s times, with evolving lifestyle, many a times savings and planning for retirement is put on the back burner. However, this is obviously not the optimal approach. It is imperative that you have a ready financial plan in place so that you wouldn’t have to compromise on your lifestyle when you don’t have an active source of income anymore.

In order to make a comprehensive retirement plan, you will have to consider the following factors:

 

Starting early

The maxim 'Early bird gets the worm' assumes significance when it comes to retirement planning. Early-mover advantages are aplenty, considering your money can compound and become a substantial amount over a period of time.

For example, Rs. 1 Lakh invested every year starting at age 35 leads to a corpus of Rs. 79 Lakh for retirement at age 60 (assuming investment returns @8% per annum. If one begins savings just 5 years earlier, from age 30, they would be able to create a retirement corpus of 1.2 Cr. (50% extra).

 

Saving more

This is certainly the basic when you begin planning for retirement. You’d have to factor in your lifestyle, have a tentative list of needs in mind going forward, and count in probable medical expenses during your sunset years. This way, you’d be able to zero in on an amount that would help you maintain a respectable lifestyle and fulfil other life goals. It is recommended that one should at least save 20% of the income.

 

Projecting rate of inflation

In order to fully understand the amount you’d require post-retirement, projecting future rate of inflation is of paramount importance. While inflation doesn’t usually fluctuate much over the shorter term, chances are it would in the long-run. Hence, it is crucial to factor in inflation prior to evaluating your investments.

In case you overlook this step, you might end up accumulating an inadequate corpus that would not be enough to take care of your financial needs once your active income years have already passed you by.

 

Knowing your risk appetite

You should choose appropriate financial instruments to construct your retirement saving portfolio depending on the quantum of risks you’re willing to take. For instance, while investments in equity have the potential to deliver higher returns, they entail a higher degree of risk. On the other hand, debt instruments - while keeping risks in check - potentially offer steady but lower returns.

While risk appetite varies from person to person, experts recommend keeping a higher proportion of retirement savings in high risk-high return instruments (such as equities) in the earlier stages of retirement saving, progressively moving to debt-oriented instruments as one approaches the date of retirement.

Tata AIA Life Insurance has on offer a gamut of retirement solutions to help you plan your finances better. You can invest your hard-earned wealth in such solutions so that you can live life on your own terms, even after you’ve retired.

C/Advt/2019/Nov/762

 

Disclaimer

Insurance cover is available under the product offered are underwritten by Tata AIA Life Insurance Company Ltd. The plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

Our vision

To enable dreams, and inspire healthier, happier lives, and become the pre-eminent insurance provider in the country.

Our mission

To provide the best and simplest life and health insurance solutions, that are in sync with the customer’s individual needs and life goals.

Our values

Consumer obsession

  • Adopt customer-centric approach, with customer satisfaction being of paramount importance

  • Innovate solutions and services to better serve our customers

  • Transparently deliver on promise

Passion for excellence

  • Set and achieve the highest standards

  • Do the Right things in the Right way

  • Take accountability and drive results

  • Pioneer Change

People - Our core

  • Create and take distinctive opportunities for development

  • Demonstrate courageous leadership at all times

  • Exceptionally reward outstanding performance and right behaviour

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  • Disclaimer

    # Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.

    * Insurance cover is available under the products. 

    * The products are underwritten by Tata AIA Life Insurance Company Limited. The plans are not guaranteed issuance plans, and they will be subject to the Company’s underwriting and acceptance.

     

    • This document is for information and illustrative purposes only and does not purport to any financial or investment services and do not offer or form part of any offer or recommendation. This document is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.

    • Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company.

    ·

    Every effort is made to ensure that all information contained in this document is accurate at the date of publication, however, the Tata AIA Life shall not have any liability for any damages of any kind (including but not limited to errors and omissions) whatsoever relating to this material.

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Tata AIA Life Insurance

A joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA),  Tata AIA Life Insurance  is one of the leading life insurance providers in India. We post everything you need to know about life insurance, tax savings and a variety of lateral topics such as savings and investments in this space. You can access and read a host of different blogs, articles and pages at the Tata AIA Life Insurance Knowledge Center or get in touch with us with any queries or questions!

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