TATA AIG reports improved income

Tata AIG is one of the many private insurance operators in the country and they have just come out with their revenue results.

The company has posted a 77% increase in its total premium income at Rs 880 crore for FY06. This is an impressive improvement against Rs 497 crore in FY05.

TATA AIG’s first year premium increased 48% to Rs 432 crore. Farrokh Kavarana, chairman of Tata AIG Life spoke about this result: “We continue to focus on creating a world-class life insurance entity that anticipates the needs of both customers and stakeholders and provides innovative solutions to address their needs.”

The company has insured as many as 7,16,016 individuals last fiscal through its group life insurance, pensions, gratuity and superannuation products.

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