Tata AIA Life Insurance Co. Ltd. (Tata AIA Life) has announced its results for H1 FY22. The Insurer registered an IWNBP income of Rs. 1,593 crore in H1 FY22, a robust growth of 24.5% compared to Rs. 1,280 crore garnered in H1 FY21.For Q2 FY22, IWNBP growth was even better at 39% growth (Rs. 1,027 crore) over Q2 FY21 (Rs. 741 crore).
The Company continues to maintain its focus and pre-eminence as a life insurance protection provider. For September 2021, it registered the highest Retail Sum Assured among private Life insurers in the country. Total premium income increased to Rs. 5,255 crore in the first half of the current fiscal as against Rs. 4,269 crore in H1 FY21, a growth of 23%.
Commenting on the performance, Mr. Naveen Tahilyani, MD and CEO, Tata AIA Life, said, “We are committed to provide the best life insurance solutions that are backed by convenient service and easily accessible platforms. As we look ahead, we will be introducing more innovative solutions that address the various life, wealth and health related needs of our customers.”