Aviva Life Insurance Company is a joint venture between Dabur Invest Corporation and Aviva Group. Aviva is a global player in Insurance sector present in 16 countries having customer base of 31 million.

Products Offered by Life Insurance

  • Term Insurance Plan

    1. Maturity Age is 70 years
    2. Maximum Policy Duration is 30 years
    3. Maximum Age of Policy Holder is 70 years
  • Child Insurance Plan

    1. Maturity Age is 60 years
    2. Maximum Policy Duration is 30 years
    3. Maximum Age of Policy Holder is 60 years while Child is 17 years
  • Savings Plan

    1. Maturity Age is 70 years
    2. Maximum Policy Duration is 25 years
    3. Maximum Age of Policy Holder is 55 years
  • Retirement Plan

    1. Maturity Age is 75 years
    2. Maximum Policy Duration is 75 years
    3. Maximum Age of Policy Holder is 65 years
  • Endowment Plan

    1. Maturity Age is 75 years
    2. Maximum Policy Duration is 30 years
    3. Maximum Age of Policy Holder is 50 years
  • Group Plan

    1. Maximum Age of Policy Holder is 69 years

Other plans offered are into Health, Savings, Rural, Gratuity etc.

Financials

  • Total Premium collected in 2016-17: INR 1,336 crore
    • First Year Premiums Collection: INR 312 crore
    • Renewal Premiums Collection: INR 1,172 crore
    • Single Premiums Collection: INR 8.6 crore
  • Total Commission Paid: INR 35 crore
  • Earning per equity share: 0.04
  • Expenses on:
    • Employee Salary and Perks: INR 45.9 crore
    • Marketing: INR 15.5 crores
    • Claims made: INR 53 crore
  • Ownership/ Stake: Dabur: Aviva = 51%:49% with 1.0 Billion shares: 0.98 Billion shares respectively
  • Maximum Presence is in Bihar

Key People

  • Mr. Trevor Bull (CEO & MD)
  • Mr. Sanjeeb Kumar (Appointed Actuary)
  • Mr. Karni S. Arha (CFO)
  • Mr. Prashant Sharma (CIO)
  • Mrs. Anjali Malhotra (CCO,CMO,CDO)

Overall the company if one of the oldest ones and providing good protection and investment plans to consumers.

Aviva Life Insurance
Rating: 5

Comments:

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  • October 15, 2017 at 10:22 am
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    aviva is good company

    Rating: 5
    Reply

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