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Tata AIG pairs the Tata Group's brand trust with AIG's global commercial insurance expertise.
Operating in the Indian market since 2001
Registered and headquartered in Mumbai
Tata Group and AIG
Licensed general insurer regulated by IRDAI
Tata AIG pairs the Tata Group's brand trust with AIG's global commercial insurance expertise. It is a significant underwriter of marine cargo, liability, property and group health programmes, with particular strength in corporate specialty lines.
Tata AIG anchors many of our liability and D&O shortlists, drawing on AIG's global specialty heritage, and remains a regular on marine and large-property tenders.
2.93% of claims decided were repudiated and 13% closed without payment; 94.14% of the claims paid were paid within three months of intimation. In FY2023-24 it paid 84.21% of claims decided. Ranked 23 of 24 general insurers on the share of claims paid. Source: IRDAI Handbook on Indian Insurance Statistics 2024-25, Table 53, published by IRDAI on 3 February 2026. Claim settlement ratio of every general insurer in India.
Solvency ratio 1.81 as at March 2025, against IRDAI's minimum of 1.50 (2.09 a year earlier): whether it could still pay after a very bad year. Solvency ratio of every insurer.
Market share: ₹17,703 crore of gross direct premium in FY2024-25, 5.8% of Indian general insurance, 6th of 34 insurers by size. By line: fire ₹1,903 crore (7.9% of the market); marine ₹742 crore (13.5% of the market); motor ₹9,085 crore (9.2% of the market); health with PA and travel ₹3,592 crore (2.8% of the market). Market share of every insurer.
Health insurance claims: an incurred claims ratio of 80.7% in FY2024-25 (group 84.1%, retail 75.6%), against 87.0% for all health insurers. Incurred claim ratio of every insurer.
Policy wordings: every Tata AIG product in IRDAI's register, with its UIN and wording PDF. Tata AIG policy wordings.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether Tata AIG is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer. Headquarters photo: Bombay House (Tata Group HQ), Mumbai — AroundTheGlobe, CC BY-SA 3.0, via Wikimedia Commons.
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