About Us
About Tata AIG General
Tata AIG General Insurance Company Limited (Tata AIG General) is a joint venture company, formed by the Tata Group and American International Group, Inc. (AIG). Tata AIG General combines the Tata Group's pre-eminent leadership position in India and AIG's global presence as the world's leading international insurance and financial services organization. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent. Tata AIG General Insurance Company, which started its operations in India on January 22, 2001, provides insurance solutions to individuals and corporates. It offers a complete range of general insurance products including insurance for automobile, home, personal accident, travel, energy, marine, property and casualty as well as several specialized financial lines. The Company believes in offering innovative and relevant insurance solutions in the retail and commercial space. Each product offering is backed by expertise and an unparalleled claims service. The Company's products are available through various channels of distribution like agents, brokers, banks (through banc assurance tie ups) and direct channels like Tele Marketing, Digital Marketing, worksite etc.
| Our Vision : | To be India's most preferred General Insurance Company. |
| Our Purpose : | To create unmatched value for our customers, employees, business partners and shareholders by delivering remarkable service that is consistent, fair and transparent. |
| Our Values : |
We share a set of 6 core values: Customer First, People, Passion, Performance, Integrity and Empathy. Our values represent the core, shared beliefs that guide how we act and work together to achieve our goals |
Tata Group Profile
The Tata Group companies operate in seven business sectors: Communications and Information Technology, Engineering, Materials, Services, Energy, Consumer Products and Chemicals. The Group was founded by Jamsetji Tata in the mid 19th century, a period when India had just set out on the road to gaining independence from British rule. Consequently, Jamsetji Tata and those who followed him aligned business opportunities with the objective of nation building. This approach remains enshrined in the Group's ethos to this day.
The Tata Group is one of India's largest and most respected business conglomerates, with revenues in 2007-08 of $ 62.5 billion (Rs. 251,543 crore). Tata companies together employ some 350,000 people. The Group's 27 publicly listed enterprises have a combined market capitalization of some $ 60 billion and a shareholder base of 3.2 million. The major Tata Companies are Tata Steel, Tata Consultancy Services, Tata Motors, Tata Chemicals, Tata Communications, Tata Power, Indian Hotels and Tata Tea. The Tata Group has operations in more than 85 countries across six continents, and its companies export products and services to 80 countries.
The Tata family of companies shares a set of five core values: integrity, understanding, excellence, unity and responsibility. These values, which have been part of the Group's beliefs and convictions from its earliest days, continue to guide and drive the business decisions of Tata companies. The Group and its enterprises have been steadfast and distinctive in their adherence to business ethics and their commitment to corporate social responsibility. This is a legacy that has earned the Group the trust of many millions of stakeholders in a measure few business houses anywhere in the world can match.
American International Group, Inc. (AIG) Profile
American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Paris, Switzerland and Tokyo.
Gaurav D. Garg
Managing Director & CEO, Tata AIG General Insurance Co. Ltd.
Gaurav is currently Managing Director & CEO of Tata AIG General Insurance Company Limited and brings with him rich experience coupled with an in depth knowledge of the Non Life Insurance Industry from across various markets.
He has a Master's degree in Business Administration and is also a Fellow of Insurance Institute of India. He started his career in 1986 at National Insurance Co. Ltd, where he spent 14 years managing diverse portfolios ranging from retail insurance to insuring large engineering projects.
In 2000, he joined AIG India as Country Head - Personal Lines and was a part of the start up team that launched Tata AIG in India. Ever since he never looked back and went on to Head, Field Operations - Personal Lines at AIG New York in 2004, where he was responsible for six regions globally (namely Europe, CE/CIS, Mediterranean, Middle East & South East Asia and Australasia Regions). During his stint with AIG, Gaurav has exhibited immense entrepreneurial spirit and carries a proven track record of launching successful business operations in various countries in Asia (including India) and the Middle East.
In June 2007, he returned to India to assume the role of Managing Director of Tata AIG General Insurance Company, where he was able to successfully steer the company into a free pricing regime. In short span of time he was able to turn the company around and made Tata AIG one of the fastest growing private non life insurance companies.
Currently, Gaurav is the Chairman of the "General Insurance Committee of Bombay Chamber of Commerce" and the "Claims Committee of the Indian Motor Pool". He is also a member of: "FICCI Committee (Insurance & Pensions)"; "CII Committee (Insurance & Pensions)" and the Accounting Standards Committee at the Indian Merchants' Chamber
Additionally, he has been a guest lecturer at GE Global Learning Center, University of Connecticut for their leadership programs and has been an active participant at the Manhattan Round Table.
