NEW DELHI: Tata AIA Life Insurance coverage Co. Ltd, one among India’s main life insurance coverage businesses, has just lately launched its offshore department at Gujarat Worldwide Finance Tech-Metropolis (GIFT Metropolis), India’s first Worldwide Monetary Companies Centre (IFSC).
The department goals to supply Non- Resident Indians (NRIs) with US greenback denominated life insurance coverage by means of its web site.The managing director and CEO, Tata AIA, Venky Iyer mentioned,“The organising of IFSC GIFT Metropolis is a exceptional step by the Authorities of India in the direction of widening the scope of Indian monetary providers.”
The insurance coverage plan covers many dangers together with dying, accident, incapacity, and significant sickness, for as much as 100 years of age.
In a press launch, the corporate mentioned, customers would have the freedom to select from 5 plan choices to go well with their protection in line with their way of life, medical historical past, and occupation. These plans provide flexibility to incorporate add-on advantages (Riders) equivalent to unintended dying profit, important sickness cowl, and waiver of premium on unintended whole and everlasting incapacity.
Tata AIA additionally plans to introduce unit linked life insurance coverage merchandise quickly, giving customers the prospect to profit from thrilling funding alternatives in world fairness markets.
Tata AIA is a three way partnership by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata group was based by Jamsetji Tata in 1868, the Tata group is a worldwide enterprise, headquartered in India, comprising 30 corporations throughout ten verticals.
The department goals to supply Non- Resident Indians (NRIs) with US greenback denominated life insurance coverage by means of its web site.The managing director and CEO, Tata AIA, Venky Iyer mentioned,“The organising of IFSC GIFT Metropolis is a exceptional step by the Authorities of India in the direction of widening the scope of Indian monetary providers.”
The insurance coverage plan covers many dangers together with dying, accident, incapacity, and significant sickness, for as much as 100 years of age.
In a press launch, the corporate mentioned, customers would have the freedom to select from 5 plan choices to go well with their protection in line with their way of life, medical historical past, and occupation. These plans provide flexibility to incorporate add-on advantages (Riders) equivalent to unintended dying profit, important sickness cowl, and waiver of premium on unintended whole and everlasting incapacity.
Tata AIA additionally plans to introduce unit linked life insurance coverage merchandise quickly, giving customers the prospect to profit from thrilling funding alternatives in world fairness markets.
Tata AIA is a three way partnership by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata group was based by Jamsetji Tata in 1868, the Tata group is a worldwide enterprise, headquartered in India, comprising 30 corporations throughout ten verticals.
