Aviva India(Aviva life insurance) is a joint venture between Dabur Invest Corp (DIC) and Aviva International holdings Limited (AIH) – a UK based insurance group. The Current paid up capital amounts to Rs 2,004.9 crore.
Aviva life insurance has pioneered many innovative sales approaches, including the concept of Bancassurance and Financial Health Check services. They are among the first companies to introduce the contemporary unit-linked products.
Founded in 1884, Dabur Group is one of India’s oldest and largest group of companies with a consolidated annual turnover in excess of Rs 2,834 crores. It is the country’s leading producer of traditional healthcare products.
Aviva is UK’s largest insurer. Aviva’s European business operates in the established markets of France, Spain and Italy and the growth markets of Poland and Turkey. Aviva’s principal business activities are long-term savings, fund management and insurance.
With a history dating back to 1696, Aviva Group has a 31 million customer base worldwide in 16 countries.
AVIVA LIFE INSURANCE
|PAID UP CAPITAL||2004 CRORES|
|INDIAN PARTNER||DABUR GROUP|
|FORIEGN PARTNER||AVIVA GROUP|
|MD/CEO NAME||MR. Trevor Bull|
|BANKING PARTNERS||IndusInd Bank|
|SOLVENCY RATION||4.15(as on 31.03.2014)|
|NUMBER OF BRANCHES||121||HEAD OFFICE||GURGOAN|
|TOTAL PREMIUM COLLECTED||2011-2012||2012-2013||2013-2014|
|CLAIM SETTLEMENT RATIO||2011-2012||2012-2013||2013-2014|
|KEY PLANS||CHILD PLAN||Aviva Youngscholar secure|
|TERM PLAN||Aviva I life|
|RETIREMENT||Aviva Next Innings Pension plan|
|ULIP||Aviva livesmart plan|
|TOLL FREE NUMBER|
The company has a current claim settlement ratio of 84.01%.
Solvency ratio stands at 4.15 times.
In the above table, we had updated the details from the IRDA Annual report 2013-14, 2012-13 and 2011-12. Some details are captured from avivaindia.com. The accuracy of the above table content depends on these given sources. This information published is of informative nature and does not guarantee anything about the companies performance or claim records.