India is fast emerging on the world map as a strong economy and a global power. The country is going through a phase of rapid development and growth. All the vital industries and sectors of the country are registering growth and thus luring foreign investors. And insurance sector is one of them. With a huge population and large untapped market, insurance happens to be a big opportunity in India. According to sources large segment of rural India is still untouched because of long distances, poor...  Read More »

Few days ago, Aviva Life Insurance Company Ltd launched its mobile application – Aviva Mobile. Aviva Mobile is an application specially designed for customers to access their policy information on the mobile. Currently it works on phones with Android, Blackberry and iOS platforms.



There are 4 key sections in the Aviva Mobile application.

1. My Aviva: is for Aviva customers with a customer portal login ID. Customers can update their contact details, view policy details, fund details,...  Read More »

M/s Indusind Bank Ltd. which is a corporate agent of MS Cholamandalam General Insurance Co. Ltd. and Aviva Life Insurance Co. Ltd has been penalised an amount of Rs.15 lacs by IRDA for violating rules.

IRDA reviewed the data submitted by MS Cholamandalam General Insurance Co. Ltd and observed that Indusind Bank has received payments from the Chola MS over and above the permissible commission limits. These payments were received in the form of “Data base Sharing / incentives and infrastructure...  Read More »

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 »