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Tata AIG Life plans expansion- article

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priyanka1987
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Tata AIG Life plans expansion- article - June 4th, 2007

Private insurer Tata AIG Life Insurance Company Ltd today said it planned to expand its footprint in the country by increasing its offices and focus on small towns which offered higher growth prospects.

"We are planning to increase our number of offices from 72 to 120 during the year. 10 new branches will be added in the eastern region," Tata AIG Managing Director Trevor Bull said on Friday.

He said the sales force would double from 10,000 and the company would move into smaller towns to achieve growth targets.

Bull indicated with the sharp rise in offices and sales force during the year, the company was aiming at a quantum jump in premium income.

The premium income was Rs 1,367 crore during 2006-07, including new premium of Rs 478 crore. Tata group companies account for two per cent of the total premium earning of Tata AIG Life.

Bull said the company would need fresh capital infusion. The present capital of Tata AIG Life was Rs 440 crore.

The company said it was looking to launch new products during the current year in health, pension, gratuity and unit linked products.


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Re: Tata AIG Life plans expansion- article - June 5th, 2007

That's quite a big news!!
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Mitlesh Jagtap
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Re: Tata AIG Life plans expansion- article - March 12th, 2008

hi i am doing a 100 marks project for my 6th sem on tata-aig life insurance company ltd so please help me in doin it
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Re: Tata AIG Life plans expansion- article - November 2nd, 2009

Thanks for the information.
Could you also give the idea on which region this expansion is coming up.
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Re: Tata AIG Life plans expansion- article - February 25th, 2016

Quote:
Originally Posted by priyanka1987 View Post
Private insurer Tata AIG Life Insurance Company Ltd today said it planned to expand its footprint in the country by increasing its offices and focus on small towns which offered higher growth prospects.

"We are planning to increase our number of offices from 72 to 120 during the year. 10 new branches will be added in the eastern region," Tata AIG Managing Director Trevor Bull said on Friday.

He said the sales force would double from 10,000 and the company would move into smaller towns to achieve growth targets.

Bull indicated with the sharp rise in offices and sales force during the year, the company was aiming at a quantum jump in premium income.

The premium income was Rs 1,367 crore during 2006-07, including new premium of Rs 478 crore. Tata group companies account for two per cent of the total premium earning of Tata AIG Life.

Bull said the company would need fresh capital infusion. The present capital of Tata AIG Life was Rs 440 crore.

The company said it was looking to launch new products during the current year in health, pension, gratuity and unit linked products.


Take CAre

Regards,

Priyanka
Hey priyanka, as we know that Tata AIG is a joint venture of Tata group and AIG group. BTW, i liked your article and it is really impressive. Well, i am also adding a document which will give more detailed information on the same topic.
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