Tata-AIG Life Insurance has covered 440,000 individuals and has emerged as the largest among the private sector achieving a total sum assured of around Rs 1,100 crore with a premium income Rs 21 crore in the first year.

The joint venture has sold 37,000 individual policies during the period. Commenting on the performance, Tata AIG Life Insurance, chairman FK Kavarana said: "We are satisfied with the encouraging performance in the first full year of operation. We have started operations in nine locations across the country insuring individuals and corporate customers." Mr Ian Watts, Tata-AIG Life Insurance added: "On a strong thrust of building the distribution and agency force, with emphasis on quality training has paid us rich dividends.