A CSR program of TATA AIA Life Insurance Company Limited, the PARAS Scholarship Programme 2023–24 intends to assist deserving and impoverished students with their studies. A one-time scholarship support of up to ₹25,000 is available to students enrolled in this program who are studying in their first year of graduation, postgraduation, or postgraduate diploma courses in professional fields like Commerce, Economics, Accounting & Finance, Banking, Insurance, Management, Data Science, Statistics, Risk Management, and other related fields.
AIA Group Ltd. (AIA) and Tata Sons Pvt. Ltd. founded the joint venture firm known as Tata AIA Life Insurance firm Limited (Tata AIA). Combining Tata’s leading position in the Indian market with AIA’s status as the world’s largest independent listed pan-Asian life insurance firm, covering 18 markets in the Asia-Pacific area, creates Tata AIA Life. As part of its commitment to a successful future, it also carries out its Corporate Social Responsibility (CSR) by making constructive contributions to society, of which this scholarship program is one.