Tata AIG Life plans expansion- article

[priyanka1987]

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

[Devinci]

That's quite a big news!!

[miitvish_2025]

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

[asifraees]

Thanks for the information.
Could you also give the idea on which region this expansion is coming up.