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Tata AIA Life Insurance has crossed AUM of Rs. 1 lakh crore. The company has doubled its assets in less than 3 years. In August 2021, the company had AUM of Rs.50,000 crore.
In a press release, Venky Iyer, Chief Executive Officer & Managing Director, Tata AIA, said, “The doubling of our AUM in less than 3 years, is a testimony to the trust reposed by our consumers in our innovative solutions and service experience, the support of our agents & partners and the benchmark beating performance of our investment team. We will continue to work towards financially securing our consumers and fulfilling their aspirations.”
The claims settlement ratio also improved to 99.19% as of Dec-23.
Tata AIA is the seventh company that has achieved this milestone.