Aviva Life Insurance company is a joint venture between Dabur Invest Corp., One of India’s Most Respected Business Houses and Aviva Plc., a UK based Insurance Company. However, Dabur holding 74% of shares and Aviva holding remaining 26% of shares in Aviva Life insurance company Limited.
AVIVA LIFE COMPANY INFO:
|COMPANY TYPE||Private Ltd|
|Managing Director & CEO||Mr. Trevor Bull|
|Foreign Partner||Aviva Plc., a UK Based Insurance Company – 26% Dabur Invest Corp., One of India’s Most Respected Business Houses. – 74%|
|Covering range of people||33 Million as on 31st March 2020|
|Contact Details||Telephone: 0124 – 2709000/46 Toll-free : 1800 103 7766 Email : email@example.com Website : AVIVA INDIA SMS : “Aviva” to 5676737|
|Latest Claim Settlement Ratio||97.53% (FY 2019-20)|
|Asset Under Management||9,430 Crore as on 31st March 2019|
|Solvency Ratio||299% as on 31st March 2019|
|Brand Ambassador||Mr. Sachin Tendulkar, the legend & great Indian Cricketer|
|Our Purpose||With you Today, for a Better Tomorrow|
|Year of start||2001|
|IRDAI registration No||122|
|Corporate Office||Aviva Life Insurance Company India Ltd (Registered Office) 2nd floor, Prakashdeep Building, 7 Tolstoy Marg, New Delhi – 110001, Delhi. Aviva Life Insurance Company India Ltd (Corporate Office) Aviva Tower, Sector Road, Opposite Golf Course, DLF Phase – V, Sector 43, Gurugram, Haryana – 122003.|
|Banking||DBS Bank Bank of Maharashtra Prime Cooperative Bank Dakshin Bihar Gramin Bank North India Finserve Pvt Ltd Vidharbaha Konkan Gramin Bank Creating Advanced Financial Solutions Pvt Ltd One Service Capita Advisory LLP|
|Best products||1) Aviva i – Growth 2) Aviva Young Scholar secure 3) Aviva Wealth Builder 4) Aviva New Family Income Builder.|
|Awards & Recognitions||1) Most Trusted Private Life Insurance Brand of the Year, 2019. 2) Best Brand of the year ,2019 awarded by Economic Times. 3) Dream Companies to Work For, 2018 ranked 10th by Economic Times Now & World HRD Congress.|
|Values||1) Care More ->Start with customer ->Do the right thing ->In it together 2)Create Legacy ->Invest with courage ->Think like an owner ->Take the long view 3)Kill Complexity ->List priorities on one hand ->Make the call ->Build once 4)Never Rest ->Fail fast, learn fast ->Embrace digital ->Get it done at pace|
|Social Media Links||Twitter : twitter.com/AvivaIndia Facebook : facebook.com/AvivaIndia You Tube : youtube.com/user/aviva|
ABOUT AVIVA LIFE
Aviva Life was the pioneer of introducing the concept of Bancassurance in India, and has leveraged its global expertise in that area successfully in India. Hence, bancassurance has been contributing close to 65% of total sales of an insurance company. Through its branches and its bancassurance partner locations, Aviva products are available in more than 224 towns and cities across India.
PURPOSE OF AVIVA LIFE
Although, Aviva’s purpose was that they help their customers to protect what’s important to them and help them look to the future with confidence. For that Aviva provide their customers with a wide range of insurance products to prepare for life’s challenges and opportunities today, tomorrow and for many years to come. Also, they are guided by their purpose to defy uncertainty in the lives of their customers.
AIM OF AVIVA LIFE
The aim of Aviva Life is to imple and relevant products and propositions that help their customers to achieve their life goals. So, Aviva’s focus is to provide the finest customer experience and highest levels of service through their digital innovations. Globally they serve 33 million customers across 16 countries.
OPERATIONS OF AVIVA LIFE
Hence, Aviva has a unique need-based sales approach through the “Financial Health Check” (FHC). The FHC was a free service administered by their Financial Planning Advisors (FPA) for a need-based analysis of the customer’s long-term savings and insurance needs. Depending upon the various life stages and earnings of their customers, the financial health check assesses and recommends the right insurance product for them. Aviva was also keen to reach out to the underprivileged that have not had access to insurance so far. Through its association with BASIX (a micro financial institution) and other NGO’s it has been able to cover lakhs of lives.
DABUR INDIA LIMITED
Dabur India Ltd is one of the India’s most trusted, oldest and largest groups of companies, founded in 1884. The consolidated annual sales of the Dabur group are excess of 1,537 crores. A professionally managed company and also it is the country’s leading producer of traditional health care products. Dabur is a leading FMCG company with revenues of over Rs. 8,500 crore & Market Capitalization of over Rs.2,500 crore. Hence, the build of trust and the 135 year of experience, Dabur is today India’s most trusted name and world’s largest Ayurvedic and Natural Health Care Company.
OPERATIONS OF DABUR INDIA
Dabur India is also a world leader in Ayurveda with a portfolio of over 250 Herbal/Ayurvedic products. Dabur today operates in key consumer product categories like Hair Care, Oral Care, Health Care, Skin Care, Home Care and Foods. Hence Dabur is the Ayurvedic company, has a wide distribution network, covering 6.7 million outlets with a high penetration in both urban and rural markets.
Although, the 135-year-old Ayurvedic company, promoted by the Burman family, started operating in 1884 as an Ayurvedic medicines company. Later, Dabur has successfully transformed itself from being a family-run business to become a professionally managed enterprise.
Aviva is a British Multinational Insurance company headquartered in London, England. It has about 33 million customers across 16 countries. In the United Kingdom Aviva is the largest general insurer and a leading life and pension provider. Similarly, the main activities are the provision of general and life insurance, long term savings products and fund management services. The group has around 29,600 employees and 33 million customers. Aviva investors has 289.9 billion Euro assets under management. It has also a focus on the markets in Europe and in Asia and, in particular, on the growth markets of China and south east Asia. Aviva is also the second largest general insurer in Canada.
LATEST NEWS ABOUT AVIVA
In this pandemic Covid-19 situation, Aviva Life insurance continues to focus on broadening its reach for both existing and new customers, through additional and expanded distribution channels to increasing the choices of the customers on how they wish to do business with them. The company has embarked on an increasing digital journey, a core ingredient of this being the recently launched mobile sales tool. This application and platform aim to automate the end to the sales journey by eliminating manual redundancies and increasing efficiency of sales and operational functions whilst improving the overall costumer experience.
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