Tata Aig - Hr Policy

HR POLICIES OF TATA AIG

TATA AIG INSURANCE COMPANY

• Tata AIG Insurance Solutions is one of the leading insurance companies that provide both life insurance as well as general insurance. • 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.

TATA AIG GENERAL INSURANCE COMPANY

• Tata AIG General Insurance Company started its operations in India on January 22, 2001,

• Gaurav D. Garg is the Managing Director & CEO, Tata AIG General Insurance Co. Ltd.

TATA AIG LIFE INSURANCE COMPANY

• Tata AIG Life Insurance Company was licensed to operate in India on February 12, 2001 and started operations on April 1, 2001.

Mr. Suresh Mahalingam, (M. Suresh) , MD, Tata AIG Life Insurance Company.

Human Resource Policies

Human resource policies are systems of codified decisions, established by an organization, to support administrative personnel functions, performance management, employee relations and resource planning.

Organizational Structure of TATA AIG

CEO 4 Zonal Heads( East West, North, South)

Regional Head

Area or Cluster Manager

Branch Managers

Unit Manager Financial Advisors

Functions of the HR Department of TATA AIG

• • • • Recruitment and Selection Induction Competence Development Providing compensation and other employee benefits • Performance Management • Talent and Career Management

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...