Tata AIA Life introduces a series of insurance Apps for mobile devices

Five easy-to-use Smart Apps to help ‘do-it-yourself’ mobile device users identify their income protection gaps just with a touch

Mumbai, September 4, 2013: Tata AIA Life Insurance Company Limited (Tata AIA Life) has launched a series of easy-to-use insurance applications for the users of mobile devices. These smart Apps, available on Google Play Store and Apple App Store, make income protection planning accessible anytime, anywhere.

All these five applications; i.e., Protection Gap calculator, Retirement Gap calculator, Child Need Planner calculator, Child ULIP plus Term Plan Combo calculator and ULIP Plus Term Plan Combo calculators are available for download for both Android and Apple mobile device users.

Commenting on the launch of the apps, Mukesh Dhawan, Deputy Chief Executive Officer and Chief Distribution Officer, Tata AIA Life said, “The newly launched mobile apps reflect our operating principle of bringing the Right solution to the Right customers in the Right way. As a responsible insurer, helping people protect their income is a natural concern to us. These easy-to-use apps will make the process of buying insurance convenient for the ‘do-it-yourself’ customers and motivate them discover their income protection gap. As for our insurance sales advisors, these smart Apps will make the process of selling insurance easy for them and help increasing their productivity & income.”

Users can download these applications on their Android and iOS platform from the App stores available on their smart phone and tablets. The applications are designed to provide customized solutions by calculating customers’ income protection needs based on their current income and criteria, mapping it to expected inflation and their future financial needs.

The key features of the applications are as below:

Protection Gap Calculator	Provide customer on the ideal life insurance cover required to protect his family’s standard of living both pre & post retirement, after considering any outstanding loans and existing life Insurance cover
Child Need Planner calculator	This application assists customer to identify the gap in the financial requirements of their children’s education or marriage, while calculating the additional monthly savings required by the customer to achieve these financial goals.
Retirement Gap calculator	After putting in the requisite information, this calculator provides customer with the consistent monthly savings required to achieve the desired retirement income per month  and the required corpus at the time of retirement after considering the future inflation
ULIP Plus Term Plan Combo calculator	The combo tool will help secure future needs of the customer by bundling the two insurance products.  By answering a few simple questions, this combo calculator suggests you the monthly commitment required from you to fulfill your future long term financial goal / retirement planning goal as well as protecting your family’s standard of living
Child ULIP plus Term Plan Combo calculator	By answering a few simple questions, this combo calculator helps customer with two insurance products which are combined to offer an ideal insurance solution which will help protect the financial goal of the child as well family’s standard of living. Further this combo tool gives the idea on the regular monthly savings required after considering customers expectation of  future inflation and saving rate

Tata AIA Life Insurance Company Ltd.

About Tata AIA Life

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons and AIA Group Limited (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asia life insurance group in the world spanning 17 markets in Asia Pacific. Tata Sons holds a majority stake (74 per cent) in the company and AIA holds 26 per cent through an AIA Group company. Tata AIA Life Insurance Company Limited was licensed to operate in India on February 12, 2001 and started operations on April 1, 2001.

About Tata 

The Tata group comprises over 100 operating companies in seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. The group has operations in more than 80 countries across six continents, and its companies export products and services to 85 countries.

The total revenue of Tata companies, taken together, was $100.09 billion (around Rs475,721 crore) in 2011-12, with 58 percent of this coming from business outside India. Tata companies employ over 450,000 people worldwide. The Tata name has been respected in India for more than 140 years for its adherence to strong values and business ethics.

Every Tata company or enterprise operates independently. Each of these companies has its own board of directors and shareholders, to whom it is answerable. There are 32 publicly listed Tata enterprises and they have a combined market capitalisation of about $93.10 billion (as on August 14, 2013), and a shareholder base of 3.9 million. The major Tata companies are Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or “the Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has operations in 17 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 26 per cent joint venture in India and a representative office in Myanmar.

The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$147 billion as of 31 May 2013.

AIA meets the savings and protection needs of individuals by offering a range of products and services including retirement savings plans, life insurance and accident and health insurance. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents and employees across Asia-Pacific, AIA serves the holders of more than 27 million individual policies and over 16 million participating members of group insurance schemes.

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

For further information contact:

Arunava Khan Tata AIA Life Insurance Company Ltd 98205 35436 arunava.khan@tataaia.com

Saksham Maheshwari / Sonali Pandey Adfactors PR Pvt. Ltd. 9930990927 / 9619689679 / 9820531932

DISCLAIMER:

• Tata AIA Life Insurance Company Limited (Regn. No. 110). Registered & Corporate address: 14^th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013.
• Insurance is the subject matter of the solicitation.        
• For complete details please contact our Insurance advisor or visit nearest branch office of Tata AIA Life or call 1-860-266-9966 (local charges would apply) or 1-800-267-9966 (toll free no) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com or SMS 'LIFE’ to 58888.
• For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale