OREANDA-NEWS. Tata AIA Life Insurance Company (Tata AIA Life) has won the Best Life Insurance Company (Private Sector) award at the inaugural Lokmat Banking, Financial Services & Insurance (BFSI) award ceremony in Mumbai.

The Lokmat BFSI Awards have been instituted by the Lokmat Group, the media conglomerate that brings out Maharashtra's highest circulated regional daily. The awards represent an initiative to honour the best financial service intermediaries in the private sector.

Accepting the award, Amitabh Tapadar, Chief Marketing Officer, Tata AIA Life, said, "The award is a testimony of our endeavor to be the most trusted life insurance company that values customers' financial well-being, while consistently delivering best-in-class solutions."

Tata AIA Life Insurance with a philosophy of doing the Right Thing with the Right People in the Right Way has launched a series of customer-friendly products, several customer-centric initiatives and innovative services to cater to the needs of its customers.

The Company, which has a presence in more than 140 cities and towns in the country, has been awarded six ISO certifications for customer-centric intent and processes. This includes an ISO 10002:2004 certificate for setting up a Grievance Redressal Cell, the first-of-its-kind achievement in the domestic life insurance industry.

For the financial year 2013-14, the Company has posted a net profit of Rs. 412.95 crores. During the same period, it had a healthy Solvency Ratio of 409%, and an Asset Under Management (AUM) of Rs. 17,522.73 crores.