Tata AIA Life has been certified as an excellent place to work, enhancing its reputation as a best employer – InsuranceNewsNet | Daily News Byte

• Tata AIA accepted Great place to work Confirmation, in his first attempt
• The insurer has also won Kincentric’s Best Employer recognition for the past 6 years.
• Another testimony of its employee-friendly culture is the 91% score on employee engagement, from a recent survey conducted by me.n October 22

Mumbai, India, December 5, 2022 /PRNewswire/ — Tata AIA Life Insurance (Tata AIA) received Excellent workplace certification, a highlight of the best workplace in the country. This recognition is awarded by the Great Place to Work® Institute, based on a rigorous work culture assessment process. The recognition requires that 70% or more of the company’s employees rate it as an excellent place to work and is considered the most prestigious achievement for a people-based organization.

A four-step process is used to conduct the verification process.

• Trust index is the first step, which consists of employee surveys.
• Culture check that evaluates the performance of the organization’s people through detailed evaluation
• Conditions conditions – Following the evaluation, the institution determines that the organization meets the criteria for qualification
• Actionable understanding – In the last phase, the organization has been creating a strategy for the people to win.

Earlier this year, Tata AIA was recognized as one of the of India The best employer For 2022, according to Kincentric’s Premium valuation. The program identifies organizations that demonstrate good people practices. Perfect and great place to work. Tata AIA Life won the award for the 6th year in a row and is the only life insurer in India was selected among 15 other organizations.

Speaking on this occasion, Kristy Pais Bhesania, Chairman And Head of Human Resourcessaid, “Research suggests that employees who are happy with their employer and who feel that their employer provides good career opportunities are more likely to stay with their organization and contribute more. At Tata AIA Life, we firmly believe that our people are our greatest asset. , and we have established a high-performance work culture that promotes high levels of engagement among our team. It is an honor to be named a Kincentric Best Employer and to receive the Great Place to Work® certificate, both of which demonstrate our dedication to our employees.”

Tata AIA has always placed employee welfare at the forefront of its priorities. The company implements several initiatives throughout the year to ensure that its workforce is always engaged, happy, and motivated. These include birthdays and anniversaries, hidden leaves, special events for family members, recognition for new talent, consistent actors, long service employees. In addition, the company has a policy on no calls/meeting hours/days (specifically weekend) and so on. The company strives to continue to expand its people-friendly practices as it moves forward in its journey as an employer of choice.

About Great place to work:

Great Places to Work® is the global authority on building, sustaining and recognizing high-trust, high-performance cultures.^TM at work. Its mission is to create a better world by helping organizations become great places to work for everyone. Creating a great work culture is better for people, better for business and better for the world. The organization serves business, non-profit and government organizations in more than 60 countries, across six continents, touching more than 10,000 organizations each year. Contact us to know more.

A brief overview of Kincentric’s best employer program:

Kincentric’s Best Employers program is based on comprehensive employer engagement data, using objective measures of employee feedback to identify top employers. Backed by 20 years worth of data on employee experience, Kincentric Best Employers recognizes top organizations worldwide, using the most objective measure possible – employee feedback. It differs on the key people factors to accelerate success: high employee engagement, deep agility, leadership involvement and talent focus. We partner with clients to improve the health of their organizations from the inside out by driving sustainable change. Becoming the best employer results in better business results, more effective transformation, greater organizational effectiveness, and improved outcomes for all stakeholders.

About Tata AIA Life

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, established by Tata Sons Pvt. Limited. And AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s outstanding leadership positions in India and AIA’s presence as the largest independent life insurance group in Asia in the world covering 18 markets around the world. Asia Pacific region. For the financial year 2021-22, the total premium income of Tata AIA Life increased to 14,445Cr., a growth of 30%. For the same period, the company registered an extra weighted retail business of INR 4,455 Cr. The company’s 13th month survival rate was 87.8%, and the individual death claim settlement ratio was 98.53%. One of the fastest growing companies in the life insurance sector, Tata AIA Life maintains its rank. 5, according to the personal weight of the new business Premium.

About the Tata Group

Founded by Jamsetji Tata in 1868, the Tata Group is a global enterprise, headquartered in India, includes 30 companies across ten verticals. The group operates in more than 100 countries across six continents, with a mission ‘to improve the quality of life of the communities we serve worldwide, through long-term stakeholder value creation based on trusted leadership’.

Tata son is the company that holds the main investment and promotes Tata companies. Sixty-six percent of the share capital of Tata son Held by a charitable trust, which supports education, health, lifestyle production and arts and culture. In 2021-22, the income of Tata companies, together, is 128 billion dollars (INR 9.6 trillion). These companies employ more than 935,000 people.

Each Tata company or enterprise operates independently under the guidance and direction of its own board of directors. There are 29 publicly listed Tata companies with a total market capitalization of 311 billion dollars (INR 23.6 trillion) onwards March 31, 2022. Tata companies include Tata Consulting Services, Tata Motors, Paint iron eyesTata Chemicals, Tata Consumer Products, Titan, Tata CapitalTata Power, Hotels India, Tata Communications, Tata DigitalAnd Tata Electronics.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent life insurance group in Asia. It is present in 18 markets – wholly owned branches and subsidiaries in mainland China, Hong Kong​ SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(2)and a 49 percent joint venture India.

The AIA business was first established in Shanghai More than a century ago in 1919. It is the market leader in Asia (Example-Japan) based on life insurance premiums and holds a leading position across most of its markets. It has all the properties of 340 billion US dollars belongs to December 31, 2021.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and retirement services to corporate clients. Through a wide network of agents, partners and employees throughout AsiaAIA serves more than 39 million individual policyholders and more than 16 million who participate in group insurance programs.

AIA Group Limited is listed on the main board of Stock Exchange of Hong Kong Limited Under stock code “1299” with American Depositary Receipts (Level 1) traded in the over-the-counter market (ticker symbol: “AAGIY”).

Listed on the OTC market (OTC Pink: AAGIY).