Tata AIG aims to reach the top by 2007
By Mumbai: | 10 Dec 2004
In addition to substantially increasing its equity capital base from Rs276 crore, Tata AIG Life will recruit 2,500 employees from 80, and increase its network to 60 major cities from 24 cities. Further, its agency channel comprising 25,000 personal financial advisors will be increased three-fold to over 100,000.
Unveiling
'operation quantum leap,' Ian J. Watts, managing director,
Tata AIG Life said, "With our focus on financial
discipline, we have a clear route to profitability by
2007, which is critical to the long-term growth and sustainability
of this business. Therefore, in-line with our commitment
to fulfill the protection, savings and retirement needs
of both individual and corporate customers, today we launch
"Operation
Quantum Leap. We aim to achieve market leadership by the
end of 2007 and be one of the top two players in the private
insurance category".