TATA AIA LIFE INSURANCE & REPUBLIC MEDIA NETWORK PARTNER FOR A GREEN FUTURE WITH “RAKSHAKARAN HERO”

by Suman Gupta

Planting a tree for every Tata AIA term policy bought, Tata AIA Life Insurance and Republic Media Network have launched a unique initiative across India

• Extending protection to environment along with society by planting a sapling for every Tata AIA term policy bought

• With this drive, interests of society, business, and individuals come together for a common goal of protection – a shining example of sustainable business practice

• Policyholder is provided a geo-tag location of the sapling so that it continues to remain a part of the policyholder & family’s life as their contribution to protecting the climate for future generations

• Within the first month of launch more than 25,000 trees were planted and in the upcoming season Tata AIA & Republic Media are committed to spreading Protection wider than ever before

New Delhi Nov 18^th, 2019: More than 950 million people do not have Life Insurance[1]. Further for every Rs. 100 of protection/insurance required only Rs. 8 has been invested, thus, leading to a “protection gap” of 92%[2]. With Protection as the main purpose, Tata AIA Life Insurance has launched Rakshakaran Hero initiative, along with Republic Media Network, wherein Tata AIA will plant a tree for every term policy bought. This co-opts policyholders for a collective aim of protecting future generations.

Mr. Rishi Srivastava, MD & CEO Tata AIA Life Insurance said on the occasion, “Being a part of the Tata group, our work is guided by the purpose of serving society through greater Protection. Financially securing families while protecting the environment blends our purpose with a larger societal goal. We celebrate the heroism of our policyholders in taking the firm step of protecting their families by planting a tree on behalf of each of them and extending this protection to the environment. I am encouraged and delighted by the response from the policyholders and this has charged our organisation to spread Protection further.”

This initiative impacts future generations the most. Engaging with them about the importance of starting today to protect their tomorrow ensures that the initiative reverberates with the ultimate beneficiaries and leaves a lasting impact across the nation.

Through Republic Media Network which has a cumulative reach of over 90mn+ weekly viewers & high dissemination over 10+ HD OTT platforms, this initiative will engage Indians across the nation on the importance of being a ‘Rakshakaran Hero’ and encourage them to become a part of the movement.

Republic Media Network’s Group CEO Vikas Khanchandani says “Republic is committed to partners on building projects with strong purpose that drive positive change and impact. Climate sustainability is a pressing concern and initiatives like Rakshakaran Hero are important for addressing the concern at an institutional level. We are delighted to partner with TATA AIA Life Insurance on this noble initiative and will extend our full reach and capabilities to popularise Rakshakaran Hero.”

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. Tata AIA Life has written retail new business weighted premium of Rs. 2,232 crore for the financial year 2018-19. For the same period, the 13th month persistency of the company was at 83.3% and, the individual death claims settlement ratio was 99.07%. One of the fastest growing companies in the Life Insurance sector, Tata AIA Life is now ranked at no. 5, based on individual weighted new business premium.

About Republic Media network: Republic Media Network has become India’s fastest growing news network. Republic has a combined of 90MN+ weekly viewers on Republic TV and R.Bharat, and a wide viewership in Canada, MENA Region, UK and New Zealand, with plans of expanding to USA and Africa by end of 2019. Within two years, Republic Network has grown leaps and bounds; with a greater emphasis on Nation first, no compromise; and doesn’t intend to stop.