Tata AIG Customers Have No Reason to Worry

Tata AIG policy holders have zero cause for concern and all obligations that company has outstanding can and will be honored. The two joint venture companies, Tata AIG Life and Tata AIG General Insurance are both fundamentally sound, well capitalised and have no exposure to the global credit contagion. Both The companies are a 74% to 26% joint venture between Tata & Sons which has deep pockets of its own to begin with and AIG. “Currently, Tata AIG Life’s capital stands at $293 million and the company’s solvency margin is 304% against the IRDA’s stipulation of 150%” the company said. IRDA is the Indian Insurance regulator and by their standards the company is very solvent.

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