Syndicate Bank plans to venture into the life insurance space and has shortlisted Aviva Life Insurance, Birla Sun Life Insurance and Reliance Life Insurance for this purpose. Apart from these 3 domestic insurance companies, the bank has also shortlisted Avantha Ergo which is a foreign insurer.

“The process is on. We are evaluating both brownfield and greenfield options. What we want is an efficient partnership. We don't want to use our capital to acquire a majority stake,” said a senior...  Read More »

Aviva Life Insurance Company’s brand ambassador, Sachin Tendulkar, inaugurated the grand finale of ‘Aviva Great Wall of Education’ at Phoenix Mills in Mumbai.

Aviva Great Wall of Education is biggest book donation campaign conducted in the country for underprivileged children. Through this major drive, they managed to collect over a million books over the last 2 years, benefiting almost 5 lakh children. The book donation drive went on till 21st of November and was held in 10 cities – Mumbai,...  Read More »

Aviva Life Insurance has announced the name of 5 lucky winners of its nationwide contest ‘Aviva Young Scholar Hunt’. The contest, which started in June this year, was part of their new campaign to give five winners from India a chance to visit the prestigious Oxford University in UK. Aviva has sponsored an all expenses paid trip for the winners who will travel along with one parent and get the opportunity to meet the legendary Sachin Tendulkar.

Aviva Life Insurance Company, a joint venture...  Read More »

Aviva Life Insurance Company has announced its tie-up with Axis Bank, enabling customers to pay their insurance renewal premiums across 1,400 bank branches in over 700 locations.

Customers or existing policyholders of Aviva Life Insurance, can simply walk into any Axis Bank branch, answer some basic verification questions and pay their renewal premium. The premium can be paid using multiple payment options.

Commenting on this new service extension for its customers, Snehil Gambhir, COO,...  Read More »

Aviva Life Insurance Company has received ISO 9001: 2008 certification for quality excellence. ISO 9001:2008 is an internationally recognized quality management system standard and Aviva Life Insurance is one of the few BSFI organizations in India to have achieved this milestone.
This certification demonstrates Aviva’s commitment to meeting globally recognized management system requirements.

In order to qualify for ISO 9001: 2008 certification, Aviva Life Insurance met rigorous standards in...  Read More »

Aviva Life Insurance Company, a joint venture between one of the country’s oldest and largest groups, Dabur, and UK's largest insurance group - Aviva Plc, is in talks with Syndicate Bank and may sell 30% of its stakes to increase capital. Dabur India owns 74% stakes in the insurance venture while the remaining 26% is owned by Aviva Plc.
 

Commenting on the media reports of the proposed deal between the two, Mohit Burman, Director of Dabur Group, confirmed that talks are on. He said, "The deal...  Read More »

New business premium of life insurance companies have collectively declined by 2.5% for the month of July 2011 as compared to that in July 2010.
 

Out of the 23 life insurance companies in India, only 7 of them have shown a positive growth. These companies are Life Insurance Corporation of India (LIC), SBI Life Insurance, Max New York Insurance, Aviva Life Insurance, Kotak Life Insurance, Met Life Insurance and ING Vysya Life.

Aviva Life Insurance has taken the highest jump of 94% by...  Read More »

Insurance awareness among Indian consumers is on the rise and insurance companies are leaving no stone unturned to gain an edge over their competitors by launching innovative plans. A lot of insurance companies are breaking out of the old vanilla plans to introduce insurance products to cater to different customer needs.

Life insurance policies contribute close to 4.4% of the total insurance penetration of 5.1% in India. This clearly indicates that customers are more inclined towards buying...  Read More »

Aviva Life Insurance Company launched its 9th Fund called Dynamic P/E Fund to address customers concerns over market volatility and fluctuations.
 

The fund option will be available to policyholders on five products - Aviva Young Scholar Advantage, Aviva Sachin Extra Cover Advantage, Aviva Life Bond Advantage, Aviva Freedom Life Advantage and Aviva Life Saver Advantage. These plans are the best selling insurance products of Aviva Life.

Dynamic P/E Fund is based on the simple mantra of...  Read More »

Private Insurance Company Aviva India has launched a new campaign that will give 5 winners across the country a chance to meet Sachin Tendulkar through an all expenses paid trip to the UK along with one parent. In addition they will also get to visit the prestigious Oxford University – one the premier educational institutes of the world.

The nationwide contest is titled 'Aviva Young Scholar Hunt' which is in association with POGO channel for kids. Prateek Sethi hosts a show called ‘F.A.Q’ on...  Read More »