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Joint collaboration between the American International Group, Inc. (AIG) and Tata Group.
They own the company in the ratio of 26:74. It is a leading financial institution that has carved a niche for itself all over the world.
Gaurav D. Garg is the Managing Director & CEO, Tata AIG General Insurance Co. Ltd.
Mr. Suresh Mahalingam, (M. Suresh) , MD, Tata AIG Life Insurance Company.
Sources of Recruitment
Placement Agencies and Consultants Campus Recruitments Off-campus Recruitments Internal Job Postings Promotions(existing employees) Moving across verticals(existing employees)
Selection Process
There is a screening process based on the resumes of applicants followed by group discussion and personal interview.
Types of Employees
TATA AIG has both permanent employees as well employees on contract basis. Both are on company pay rolls. Company employs financial advisors who are not on company pay roll but work on commission basis.
Compensation of Employees
Basic- 30% of annual salary Bonus(yearly) HRA Medical Allowance Conveyance Allowance Other Allowance(Food, mobile phone bills, etc.)
Motivating Employees
Motivational training programmes Providing Incentives Recognition to employees Providing sponsored holidays for employees and their family Helping them in converting a prospect into a sale.
Grievance Redressal
There is no proper grievance cell but they have a Disputes Settlement Department within the organization which looks after settling issues among employees or any complaints of the employees.
Conclusion
Tata AIG offers opportunities to learn, contribute and build careers. As a leading name in the fast-paced insurance industry, they are constantly growing and are always in search of bright talent across all levels. The Company's philosophy is strongly oriented to developing talent through motivational programes. They recognize potential and consistent performance and their dynamic corporate culture can be summed up as Work hard, play hard.