Sunday, January 29, 2023
News
NEWS HOME
»
PRN INDIA
Tata AIA Life Certified as a Great Place to Work®, Enhancing Best Employer Reputation
  SocialTwist Tell-a-Friend  
   

  • Tata AIA receives Great Place to Work certification, in its very first attempt
  • The insurer has also won the Kincentric's Best Employer recognition for the last 6 years
  • Another testimony of its employee friendly culture is the score of 91% on Employee Engagement, from a recent survey conducted in October 22

MUMBAI, India, Dec. 5, 2022 /PRNewswire/ -- Tata AIA Life Insurance (Tata AIA) has earned the  Great Place to Work ® Certification, a hallmark of Best Workplaces in the country. This recognition is conferred by the Great Place to Work ® Institute, based on a rigorous work culture assessment process. The recognition requires 70% or more of a company's employees to rate it as a great workplace and is considered among the most prestigious achievements for a people-centric organisation.

A four-step process is used to conduct the Certification process.

  • Trust Index is the first step, which consists of an employee survey.
  • Culture Audit that evaluates the People Practices of the organization through a detailed assessment
  • Qualifying Criteria – Following the assessment, The Institute determines if the organization meets the criteria for Qualification
  • Actionable Insights – In the last phase, the organization gets to build a winning people strategy.

Earlier this year, Tata AIA was recognized as one of India's Best Employers for 2022, according to Kincentric's premium assessment. The programme identifies organisations that demonstrate outstanding people practices and workplace excellence. Tata AIA Life won the accolade for the sixth consecutive year and was the only life insurer in India to have been chosen among 15 other organisations.

Speaking on this occasion, Kristyl Pais Bhesania, President and Chief Human Resource Officer, said, "Research suggests that employees who are happy with their employers and who feel their employers provide good career opportunities are more likely to stay with their organisations and contribute more. At Tata AIA Life, we strongly believe that our people are our greatest asset, and we have established a high-performance work culture that fosters a high level of engagement among our teams. It is an honour to be named a Kincentric Best Employer and to earn Great Place to Work ® certification, both of which demonstrate our dedication to our employees."

Tata AIA has always placed employee wellbeing at the forefront of its priorities. The Company implements several initiatives through the year to ensure that its workforce is always engaged, happy, and motivated. These include birthday and anniversary leave, block leaves, special events for family members, recognition for new talent, consistent performers, long service tenure employees. Further, the company has policies around No call/ meeting hours/ days (especially weekends) etc. The company endeavors to keep expanding its people friendly practices as it moves forward in its journey as a preferred employer.

About Great Place to Work:

Great Place to Work ® is the global authority on building, sustaining and recognising High-Trust, High-Performance CultureTM at workplaces. Its mission is to build a better world by helping organisations become Great Places to Work FOR ALL. Building a Great Work Culture is Better for People, Better for Business and Better for the World. The organisation serves businesses, non-profits and government agencies in more than 60 countries, across all six continents, touching more than 10,000 organisations every year. Contact us to know more.

A Brief about Kincentric Best Employers Program:

The Kincentric Best Employers program is based on comprehensive employer engagement data, utilising the objective measure of employee opinion to identify leading employers. Backed by 20 years' worth of data on employee experience, Kincentric Best Employers recognises leading organisations worldwide, using the most objective measure possible - employee opinion. It differentiates on people factors that are the key to accelerating success: high employee engagement, profound agility, engaging leadership and talent focus. We partner with clients to improve the health of their organisation from the inside by igniting sustainable change. Becoming the Best Employer leads to better business results, more efficient transformation, greater organisational effectiveness, and improved outcomes for all stakeholders.

About Tata AIA Life

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. 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. For the financial year 2021-22, the total premium income of Tata AIA Life increased to INR 14,445Cr., a growth of 30%. For the same period, the Company registered a Retail New Business Weighted Premium of INR 4,455 Cr. The 13th month persistency of the Company was at 87.8%, and the Individual Death Claims Settlement ratio was at 98.53%. One of the fastest growing companies in the Life Insurance sector, Tata AIA Life maintained its rank no. 5, based on Individual Weighted New Business Premium.

About the Tata group  

Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'.

Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2021-22, the revenue of Tata companies, taken together, was $128 billion (INR 9.6 trillion). These companies collectively employ over 935,000 people.

Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 29 publicly listed Tata enterprises with a combined market capitalisation of $311 billion (INR 23.6 trillion) as on March 31, 2022. Tata companies include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Indian Hotels, Tata Communications, Tata Digital, and Tata Electronics.

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 a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(2), and a 49 per cent joint venture in India.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$340 billion as of 31 December 2021.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 39 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").

Registered on OTC Market (OTC Pink: AAGIY).

 

More News by PR Newswire India

Alexander Oelfke, CEO of SKYGROUND Group, announces the Group's new direction in an interview with BERLINER TAGESZEITUNG

IPM India Wholesale Trading Private Limited recognized as Top Employer for fourth Consecutive Year

Yonsei University Hosts the Global Engagement and Empowerment Forum (GEEF) 2023 to Tackle and Resolve Global Crisis

STL continues positive momentum towards global leadership and profitability

Optimum Nutrition launches campaign #thereismoreinallofus focussed on female athletes

CHEP accredited as a Top Employer in India

Godrej Agrovet launches Samadhan for farmers, becomes first Indian company to win IPOS certification

The NEW Shop ropes in Rajkummar Rao as brand ambassador: unveils expansion plans for 10000+ convenience stores by 2030

Woxsen University launches Project Aspiration to empower marginalised adolescent girls

Magic Software's Magic Pathsala Announces Partnership with Kapil Dev's Khushii

Mystore launches ONDC connector for Shopify sellers

PARCOS MEET & GREET WITH NORTHEAST UNITED FC TEAM

Government of Sharjah Honours Partners With NFT Plaque Using SBT Technology for their Support at GITEX Global 2022, becomes world's first to do so

Communicators Make Historic Strides in C-suite Impact

Encora Announces the Acquisition of Excellarate, Strengthening Its Capabilities in HealthTech, FinTech and InsurTech

KellyOCG earns recognition as a John Deere "Partner-level Supplier"

Kohler Co. Celebrates 150 Years of Bold Moves, Creativity, and Impact While Shaping the Next 150 Years of Its Iconic KOHLER Brand

JobzMall Unveils the World's Largest Video Talent Marketplace

Rainwater Charitable Foundation Announces Fourth-Annual Rainwater Prize Winners for Brain Research

THE ROYAL CANADIAN MINT ANNOUNCES NUMISMATIC COIN COLLECTION HONOURING THE LIFE AND REIGN OF QUEEN ELIZABETH II

Frost & Sullivan Awards Nexthink with the 2022 Company of the Year Award for Improving the Digital Employee Experience

Climate Connect Digital - Achieves carbon neutrality for Fiscal Year 2021-2022

Esaote presents the world premiere of its new MyLab™X90 ultrasound device

Going live again at last: Spielwarenmesse 2023 turns into a grand reunion with numerous highlights

Alma, a Sisram Medical company, announces the launch of Alma Duo - an advanced, FDA and CE approved solution that promotes sexual wellness for men and women

This Republic Day, Delve Into the Rich Indian Heritage and Pre-Independence Era Experiences at Noormahal Palace

Crave InfoTech launches SAP BTP-powered cMaintenance for Intelligent Asset Management

Official Global Release of the New Mobile Puzzle Game 'Pucca Puzzle Adventure' on January 26

MedAlliance leads US Sirolimus DEB race: First US Patient enrolled into SELUTION SLR Coronary Sirolimus DEB Study

Global Ride-Hailing Platform inDrive Partners SHIELD to Boost Trust and Fairness

GenKOre Announces Collaboration with a US-based Company on In vivo Gene-editing Therapy

SMMT : 2022 UK car production down but electric vehicle output surges to new record

Scrub Daddy Inc. to partner with Unilever on co-creating innovative cleaning products, partnership to appear on ABC's Shark Tank episode on 01/27/2023

Correction - Health in Transportation Releases New Smartphone Face-Scanning Application Aimed at Uncovering Potentially Serious Health Concerns in Professional Drivers

Breg Partners with Correal International to Provide Orthopedic Products to Physicians & Patients in China

Doodles 2 Launching on Flow, as the Web3 Giant Begins its Journey to Onboard Millions

CO.DON finally saved - investor has taken over the business operations of the Leipzig-based biopharmacy company with an additional location in Teltow, Brandenburg.

Inaugural Event of the TEDxAllianceUniversity Themed 'Beyond Boundaries' was Graced by Inspirational Speakers Who Shared Life Lessons and Ideas Worth Platforming

ZingHR moves into a New Era in 2023 with "Outcomation" the new mantra for Tangible Business Outcomes for Enterprises

PlumCare RWE partners with Lifebit on Greece's newborn genomic sequencing program, BeginNGS

Information Services Group Report Recognizes Armis as a Leader in OT Security for the Third Year in a Row

Intex revolutionizing the market of technology for the next generation with an all-new campaign

Survey by FINFI finds a huge gap between the benefits that employees want and the benefits offered by the employers in India

Aon: Global Insured Losses from Natural Disasters Exceeded $130 Billion in 2022, Driven by Second-Costliest Event on Record

Tive Adds 250+ New Customers & Achieves 80% Year-Over-Year Growth in 2022

Olectra Greentech Limited Unaudited Standalone Q3 FY 22-23 Results

Shutterstock Introduces Generative AI to its All-In-One Creative Platform

Bank of Baroda establishes the 'Bank of Baroda Rashtrabhasha Samman'

Companies Fall Short on Climate Pledges by Failing to Embed Net-Zero Actions Into Operations, Survey Finds

Liberty General Insurance transforms customer experience of over 100,000 customers in CY 2022 through AI enabled Vehicle Inspections - a scalable, low cost & customer centric solution

Manipal Hospital Old Airport Road performs first of its kind plasma filtration for a pregnant woman

Infosys serves up purpose-driven digital innovations with sustainability off-court and AI on-court at the Australian Open 2023

Maple's Biggest Republic Day Sale: iPhone 13 price down to Rs. 59,999 and iPhone 14 at Rs. 67,900

SBM-NMIMS Mumbai Hosts the 8th Conference of Indian Academy of Management

XOR Labs Helps Ethnic Wear Brand Grow by 2.5x in Three Months

National Excellence Awards organized by Kiteskraft Productions

Universal Digital Payments Network (UDPN) is launched to support seamless digital payments across multiple central bank digital currencies and regulated stablecoins

PlatAfrica winners shine during PGI India visit

StockEdge launches India's first AI-powered screening mechanism to automatically identify Chart Patterns in different stocks with StockEdge Pro

Ithra presents new ways to experience and learn about KSA's cultural heritage at the Diriyah Islamic Arts Biennale

Andes Technology Collaborates with LDRA to Deliver Integrated Tool Suite for Safety-Critical Software on Andes RISC-V CPU Solutions

Contextual Advertising Expert Seedtag Enters Indian Market

FlowerAura Foresees Exponential Growth in Sales with its Newly Launched Valentine's Gifts 2023

Despite global slowdown, Asia's economies show resilience and growth for 2023 - according to Asia House's Annual Outlook

Web3 experience like never before: Polkadot Hub is opening in Bali

WDO launches call for proposals to host its World Design Assembly in 2025

Algorand Foundation Appoints Jessica Tsai Chin as Chief Marketing Officer

SEMICON West Makes Two Big Moves - Shifts to October in 2024, Begins Annual Rotation With Phoenix in 2025

CarTrade Tech reports its highest ever quarterly revenue at Rs. 115.86 crores and highest ever quarterly adjusted EBITDA at Rs. 36.60 crores for Q3 FY 23

Top Rated Global Workforce Management Solutions Provider WorkForce Software Welcomes Nicole Neumarker as Chief Technology Officer and Bill Razzino as Chief Financial Officer

UltiMaker Launches the S7 - The New Flagship S-Series 3D Printer

PKWARE Announces New Solution for Securing Sensitive Information within Microsoft Outlook Email

adidas Originals and Bollywood Superstar, Ranveer Singh team up to challenge conventions and hack the old codes of luxury in the latest Spring Summer' 23 campaign

Stamus Networks Appoints Vice President, Customer Solutions

Metabolon Secures $25 Million of Funding to Accelerate Growth

Ninety-two percent of organizations think they need to do more to reassure customers about how their data is used in AI, new Cisco research finds

Fortune Selects Abu Dhabi as Host City of the 2023 Fortune Global Forum

Press Statement: International Day of Education

Altair and TU Delft Sign Campuswide License Agreement

CIO CHOICE 2023 Recognizes Airtel Business - Lavelle Networks as the Most Trusted Brand in SD-WAN Platform

SPJIMR study highlights that family issues pose greater headwinds for small and medium Indian family enterprises than the uncertain and volatile business environment

Barcode Entertainment appoints Ajay Kulkarni as its Business Head

Prudent Corporate Advisory Services Limited AUM crosses noteworthy milestone of â‚ą55,000 crore in Q3FY23

Armis State of Cyberwarfare and Trends Report: 2022-2023 Highlights Global IT and Security Professionals' Sentiment on Cyberwarfare

Credence Security, leading regional VAD, rebrands as 'TRINEXIA' to Drive New Era for Innovation and Cyber Resilience

Hexaware Recognized by ICSI for Excellence in Corporate Governance

Tata AIA Life Insurance Sampoorna Raksha Supreme is now more powerful with Tata AIA Vitality Riders benefits

Aeroitalia Partners with WorldTicket to Expand Options for Travel in the European Region

UST and Leapwork Collaborate to Help Companies Reduce Risks During Digital Transformation

Alstom in India recognised as 'Top Employer' for the third consecutive year

Lighthouse Canton wins 'Best Independent Wealth Manager - Asia Pacific' at Asian Private Banker Awards for Distinction 2022

Bakingo to Expand Capacity & Outreach, Eyeing Substantial Growth in 2023

Crave InfoTech launches white paper on SAP BTP as an intelligent platform

Grower-Owned Hop Supplier and New Zealand Grower Cooperative Enter Global Partnership

TON validators will vote on the suspension of inactive addresses holding a total of over 1bn Toncoin

Vectorworks and Solibri Inside Integration to Save Architects Time and Money

Philips Audio expands its Headphones category with the launch of TAH8506BK

KISS Organises Mega Guardians' Meet

Nanoprecise Applauded by Frost & Sullivan for Preventing Sudden Industrial Equipment Downtime and Related Losses with Its Predictive Maintenance Solution

AG&P PRATHAM LAUNCHES TWO LIQUIFIED AND COMPRESSED NATURAL GAS (LCNG) STATIONS IN KERALA

Frost & Sullivan Recognizes Future-Ready Companies at the India Manufacturing Excellence Awards 2022

CAMLIN FINE SCIENCES LAUNCHES ADORR™ VANILLIN, MANUFACTURES IN INDIA

K-DISC Headquarters setting new example in Energy Conservation

NADA Joins MOBI to Accelerate Zero Trust Innovations for Information Security and Business Automation

Delivering On Our Promise of Universal Education - Education Cannot Wait

Dr. Sujata Seshadrinathan receives Women's Entrepreneur of the Year award for the SAARC region

PreIPO to participate in $250M fundraising round for SPiCE II as SPiCE I named Top VC fund of 2022 in Blockchain Ecosystem

RT-RK integrates mARTini Android container solution on Telechips Dolphin 3

Icelandic ON Power Scales up EV Charging Service Offering with Landis+Gyr Charge Point Management System

The Keyrus Group enters the final phase of making a strategic investment in Sonum International - a European EPM leading player and a specialist in Anaplan®.

ANMI StockTech Survey Reveals Industry Shift towards Tech-Driven Brokerage

ACCEPTANCE PERIOD FOR EXCHANGE OFFER EXTENDED PENDING COMPETITION CLEARANCES

MELANIE GRANT APPOINTED AS NEW EXECUTIVE DIRECTOR OF THE RESPONSIBLE JEWELLERY COUNCIL

Purple Quarter Facilitates the VP of Data Science for WayCool's Tech Arm CENSA

Bakingo Talks about New Launches and Exponential Growth for Valentine's Day 2023

EDS Technologies launches Business Consulting Division for Digital Transformation

OCP Group and India enter a strategic partnership to strengthen food security and confirm their common ambition for an innovative and sustainable agriculture

ReSight Global acquires PeepalDesign, leading UX firm in India

Chinese New Year's greetings from China's Guangdong

INX ANNOUNCES THE LAUNCH OF NEW BOOK, THE INX WAY

ROYAL CANADIAN MINT WINS TWO COIN OF THE YEAR AWARDS, CAPTURING "BEST CROWN" AND "BEST CIRCULATION" COIN CATEGORIES

GameChange Solar Awarded Group of Projects Totaling 2.3 GW for Genius Trackers™ in Florida, USA

Collabera, LLC Welcomes Mike Fromhold as New Chief Executive Officer

Public Interest Registry Launches .GIVING, New Top-Level Domain to Streamline Online Fundraising

BIOMERICS COMPLETES CONNECTICUT EXPANSION

Pixalate Announces December 2022 Top Programmatic Sellers (SSPs) By Market Share For Mobile Advertising Across Google And Apple Platforms

eQ Technologic Joins AWS Partner Network

Global Review 2022: GWM Expands Its Global Layout, Empowered by Forest Ecosystem

Masdar to Develop 5 GW of Renewable Energy Projects to Advance Africa's Clean Energy Objectives

Course5 Intelligence is Great Place To Work® Certified™ Again

Rogers International Commodity Index (RICI®): Weights unchanged but Random Length Lumber Futures contract (CME:LBS) will transition to Lumber Futures contract (CME:LBR) effective with January 2023 roll period

Dangerously unrealistic house rental market has effected the Interstate removalists Sydney, according to City Removalist

Plastindia 2023, Discover 13 French companies under the 'French Fab' excellence brand showcasing innovative solutions and equipment for the plastic industry

OPEC Fund mobilizes US$1 billion for development finance with landmark debut SDG bond

Patent granted for OCUSERT - a breakthrough Glaucoma treatment developed by the team at NMIMS SPPSPTM

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Ankita Bhandari murder case: Polygraph-n...
Woman arrested for creating ruckus outsi...
Both Houses not to have Zero Hour, Quest...
Despite repeated warnings students scree...
J-K: Pulwama ADGP dismisses allegations ...
MP CM announces to give Rs 1,000 a month...
More...    
 
 Top Stories
Woman arrested for creating ruckus ... 
ISL: ATK Mohun Bagan moves to third... 
Link found between multiple scleros... 
Both Houses not to have Zero Hour, ... 
Despite repeated warnings students ... 
Pakistan: PTI leader Fawad Chaudhry... 
J-K: Pulwama ADGP dismisses allegat... 
MP CM announces to give Rs 1,000 a ...