<p> Tata AIG Life Insurance has been rechristened as Tata AIA Life Insurance Company, following the exit of American International Group (AIG) from Hong Kong-based insurer AIA Group.</p>.<p><br />Tata AIG was set up in 2001 as a joint venture between Tata Group and AIG. Tata Sons has 74 per cent stake in the JV, while the remaining 26 per cent share is held by AIA, in which AIG had a controlling stake earlier.<br /><br /> Tata AIA Life Chairman Farrokh K Kavarana said, “While we make this transition in our name, nothing else will change. The promoters, the distribution network, the teams, the products, the technology and more importantly, our commitment towards putting the customers at the centre of everything we do, remain unchanged.”</p>
<p> Tata AIG Life Insurance has been rechristened as Tata AIA Life Insurance Company, following the exit of American International Group (AIG) from Hong Kong-based insurer AIA Group.</p>.<p><br />Tata AIG was set up in 2001 as a joint venture between Tata Group and AIG. Tata Sons has 74 per cent stake in the JV, while the remaining 26 per cent share is held by AIA, in which AIG had a controlling stake earlier.<br /><br /> Tata AIA Life Chairman Farrokh K Kavarana said, “While we make this transition in our name, nothing else will change. The promoters, the distribution network, the teams, the products, the technology and more importantly, our commitment towards putting the customers at the centre of everything we do, remain unchanged.”</p>