Tata AIG Eyes Expansion In East

Tata AIG Life Insurance will soon chalk out an expansion plan in the east, a region that currently comprises a critical part of its overall business in the country. The company intends to tap what is being described as `insurance potential'', courtesy increased investment in its infrastructure. Of late, the company opened 10 new branches in the region. The company is also considering adding about 10,000 people to its existing agency force in the region. With a wider network, Tata AIG Life is looking at a step-up in premium income, which stood at over Rs 1,300 crore in 2006-07 (including new premium income). Tata AIG Life, which has been in India since April 2001 and has four offices in the state, will increase it up to over 15.