Tata AIA Life is Aon Best Employer India 2018 for the third consecutive year
- First life insurance company to secure a hattrick win
- Talent management and reward & recognition initiatives of the Company ensured a high employee engagement experience
Tata AIA Life is one of India’s Best Employers in 2018 as per a study conducted by Aon, a global research consultancy. The Aon Global Best Employers program globally stands for the accomplishments of organizations, who succeed at adapting the best practices and philosophies needed to perfect their workplace environment.
Kristyl Pais Bhesania, Senior Vice President & Head of Human Resource, Tata AIA Life, said, “We are truly excited to receive this prestigious recognition for the third consecutive year. In a service industry like ours employees are our key assets and, the award is a testimony of our employees’ strong belief in Tata AIA Life as a great workplace that enhances career growth. This award also demonstrate our commitment towards building an organization where our employees work with integrity and are obsessed with customer wellbeing.”
As one of the fastest growing life insurers in the country, Tata AIA Life focuses on the three core values that bind the organization to the employees — Consumer Obsession, Passion for Excellence, and People- our Core, which enables it to institutionalize their initiatives that are defined using three definitive parameters — commitment, pride and engagement. The robust people practices of the Company revolve around providing employees distinctive opportunities for development, comprehensive process for rewarding high performers, and empowering employees to take decisions. The Company has introduced innovative practices like ‘Own your talent’ mentorship program, through which the executive committee members and senior leadership groom and develop top talents. In order to appreciate and reward employees, apart from financial rewards, the company has introduced ‘Celebrate Success’— a recognition initiative that is aimed at making employees feel respected and valued for their contributions.
Ashish Ambasta, Practice Leader – Engagement & Culture, Aon India, in his congratulatory message said, “Congratulations Tata AIA Life for being adjudged Aon Best Employer in 2018. Tata AIA Life has been able to differentiate itself from an employer brand perspective in a crowded market like insurance and attract, retain and ensure performance of the right set of talent for a long period of time. This has ensured the growth of the Company in the last few years. Keep up the good work, Tata AIA Life!”
The Aon Best Employers program is the one of the most comprehensive studies of its kind in Asia Pacific. Launched in 2001, the study aims to get insights into companies that are creating real competitive advantage through their people and explore what makes a company a workplace of choice as a Best Employer. About 125 companies from 10 industries representing almost 329,000 employees were scrutinized as part of the Aon’s Best Employers India 2018 study. The study methodology involved a rigorous process, conducted over a nine-month period that culminated in the list of Best Employers decided by an external panel of independent jury.
About Tata AIA Life
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of INR 784 crores till third quarter ending 31 December, 2017. For the same period, the 13th month persistency of the company was at 81.6% and, the retail claims settlement ratio was 97.04%.