ü
Interest & Health Certificate Waiver for existing Customers
ü The Campaign shall run till March 31st, 2014
In line
with its operating principle of making Protection easily available to the
customers, Tata AIA Life Insurance Company Limited (Tata AIA Life) has launched
‘Revive’, a special drive to reinstate lapsed insurance policies. Under this
initiative, the customers whose policies have lapsed between January 2012 to
December 2013 (Premium due dates between 1st April 2012 to 31st December 2013),
shall not be charged any interest to revive their policies and also would not
require to submit any health declaration certificate for the reinstatement.
Commenting
on the Revive Campaign, Mr. S. Mahesh, Senior Vice President & Head – Operations, Systems and
Facilities, Tata AIA Life said, “The initiative is a part of our ongoing
endeavor to make insurance cover easily available to our customers. Our records
show that some customers miss paying their renewal premium after buying the
policy. Therefore, they not only let go of the value of the benefit of this
effective financial instrument but also their life insurance protection cover.
Our ‘Revive’ campaign provides an opportunity to our customers to renew their life insurance policy with the
additional benefit of 100 % interest and health certificate waiver during this
period.”
Tata AIA
Life has been taking several initiatives to ensure that the customers are able
to pay the premium regularly, thereby, ensuring their Protection cover is
continued. The Company organises monthly Customer Service Camps at its
branches for the customers to address
their queries, get upto date information of their policies and also to learn
about new products, solutions and services. In order to bring this customer
centricity to the heart of everything it does, the Company has started a new
team called ‘Office Of the Customer’ (OOC). The OOC team closely works with the
key members of the distribution force to bring customer connect to life by
deepening and retaining relationships with the customers.
About
Tata AIA Life..
Tata AIA
Life Insurance Company Limited (Tata AIA Life) is a joint venture company,
formed by Tata Sons and AIA Group Limited (AIA). Tata AIA Life combines Tata’s
pre-eminent leadership position in India and AIA’s presence as the largest,
independent listed pan-Asia life insurance group in the world spanning 17
markets in Asia Pacific. Tata Sons holds a majority stake (74 per cent) in the
company and AIA holds 26 per cent through an AIA Group company. Tata AIA Life
Insurance Company Limited was licensed to operate in India on February 12, 2001
and started operations on April 1, 2001.
About Tata ...
The Tata
group comprises over 100 operating companies in seven business sectors:
communications and information technology, engineering, materials, services,
energy, consumer products and chemicals. The group has operations in more than
80 countries across six continents, and its companies export products and
services to 85 countries.
The total
revenue of Tata companies, taken together, was $100.09 billion (around
Rs475,721 crore) in 2011-12, with 58 percent of this coming from business
outside India. Tata companies employ over 450,000 people worldwide. The Tata
name has been respected in India for more than 140 years for its adherence to
strong values and business ethics.
Every
Tata company or enterprise operates independently. Each of these companies has
its own board of directors and shareholders, to whom it is answerable. There
are 32 publicly listed Tata enterprises and they have a combined market
capitalisation of about $93.10 billion (as on August 14, 2013), and a shareholder
base of 3.9 million. The major Tata companies are Tata Steel, Tata Motors, Tata
Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages,
Tata Teleservices, Titan, Tata Communications and Indian Hotels.
About AIA
AIA Group
Limited and its subsidiaries (collectively “AIA” or “the Group”) comprise the
largest independent publicly listed pan-Asian life insurance group. It has
operations in 17 markets in Asia-Pacific – wholly-owned branches and
subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the
Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei,
a 97 per cent subsidiary in Sri Lanka, a 26 per cent joint venture in India and
a representative office in Myanmar.
The
business that is now AIA was first established in Shanghai over 90 years ago.
It is a market leader in the Asia-Pacific region (ex-Japan) based on life
insurance premiums and holds leading positions across the majority of its
markets. It had total assets of US$147 billion as of 31 May 2013.
AIA meets
the savings and protection needs of individuals by offering a range of products
and services including retirement savings plans, life insurance and accident
and health insurance. The Group also provides employee benefits, credit life
and pension services to corporate clients. Through an extensive network of
agents and employees across Asia-Pacific, AIA serves the holders of more than
27 million individual policies and over 16 million participating members of
group insurance schemes.
AIA Group
Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited
under the stock code “1299” with American Depositary Receipts (Level 1) traded
on the over-the-counter market (ticker symbol: “AAGIY”).
For
further information contact:
Arunava
Khan
Tata AIA
Life Insurance Company Ltd
98205
35436
arunava.khan@tataaia.com
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