NEW DELHI, INDIA - Tata business group which partners troubled insurance giant AIG in an Indian joint venture said Thursday the collaboration was insulated against financial turmoil in the United States.

The Indian group which holds the majority 74-percent stake in Tata AIG Life said the venture was "well capitalised and is subject to stringent local regulatory and capital requirements."

American International Group (AIG), which received an 85-billion-dollar rescue loan Tuesday from the US Federal Reserve, holds the remaining 26 percent equity in the venture with Tata.

"The company is governed by the Insurance Regulatory and Development Authority and our local solvency margin as at the end of August stood at over 300 percent compared to the regulatory minimum of 150 percent," it said.

"Indian business is robust and growing," it added.

AIG in a separate statement also tried to assure its Indian customers. "AIG believes the (rescue) loan... will protect all AIG policyholders and give sufficient time to conduct asset sales to repay the loan," it said.

Unlike Hong Kong, where more than 2,000 AIG policies were terminated by jittery customers, India has so far not reported any panic closures.