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

Comments:

  • January 21, 2020 at 11:01 pm
    Permalink

    I wish to show appreciation to the writer just for rescuing me from this type of dilemma. As a result of searching throughout the the net and getting things which are not pleasant, I thought my life was over. Being alive minus the approaches to the difficulties you’ve solved as a result of your article is a crucial case, as well as ones which might have negatively affected my career if I hadn’t noticed your site. Your primary talents and kindness in handling the whole thing was helpful. I’m not sure what I would have done if I had not encountered such a solution like this. I can also now relish my future. Thank you so much for your professional and sensible help. I won’t think twice to endorse your web sites to any individual who wants and needs counselling on this area.

    Reply
  • October 15, 2017 at 10:22 am
    Permalink

    aviva is good company

    Rating: 5
    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *