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Updated: November 8, 2009 11:34 IST

Tata AIG to launch 12 products in four verticals next month

PTI
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Gaurav Garg, CEO and Managing Director of Tata AIG General Insurance. Photo: The Hindu
The Hindu Gaurav Garg, CEO and Managing Director of Tata AIG General Insurance. Photo: The Hindu

Tata AIG General Insurance Company plans to launch 12 products in four verticals next month, a top company official said.

The company also plans to expand its branch network by opening 15 more branches by end of this fiscal, the official said.

“We have always been pioneers in launching new products and next month we plan to come out with 12 different non-life insurance products,” Tata AIG General Insurance’s CEO and Managing Director Gaurav Garg, told PTI here.

The company will launch these products in four different categories -- rural, wellassurance, SMEs and high networth individuals.

“We have products like microhealth insurance for rural, four products in wellassurance like criticare and other women-oriented products, various customised policies in high networth individuals category and some industry-oriented insurance for SMEs,” Garg said.

The company offers a complete range of general insurance products including insurance for automobiles, homes, personal accident, travel, energy, marine, property and casualty, as well as several specialised financial lines.

Tata AIG also plans to open 12-15 branch offices in Tier II and Tier III cities in the next six-months as a part of the company’s expansion plans, he said.

Presently, the company has 42 offices across 84 cities and towns.

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