Aviva Life Insurance Company India Limited

Aviva Life Insurance Company is an international company serving for the last 300 years. The London-based insurance has the most impact on United Kingdom’s people and Aviva is the largest number of insurers towards leading life good life and pension providers too. Aviva has 33 million satisfied customers across 16 countries on earth and more than any other insurance-providing company. Aviva is also the second-largest general insurer in Canada country and these show the popularity of Aviva company. Aviva have also a good market in India.

In India, Aviva Insurance Company is a joint venture between UK-based Aviva plc. and India’s most reputed business house Dabur Group. In India, the Aviva brand is known as Aviva India. Dabur Group is one of the biggest producers of healthcare-related products. The insurer started its operation in July 2002. Aviva plc. owns a 49 percent stake while Dabur holds the rest 51 percent stake in the joint venture.

 Aviva Life Insurance Company is the first company to introduce Unit Linked Insurance Products(ULIPs) in India. The latest Claim Settlement Ratio (CSR) of Aviva Life for FY 2018-19 is 96.06%.

Operations

In recent times Aviva company is focusing on serving digitally to their beloved customer. Trying to make an easy way for their customer to understand and buying products. The way India grow digitally in the last few years, People find everything on the internet and this is why Aviva trying to make a perfect present for their customers on the internet. Internet is a good way to introduce yourselves and Internet presence makes a perfect impact on the customer.

Field of service.

Life Insurance

This is the most common service that every insurance company provides to their customer and this service is also a demanded service.

Health Insurance

It’s also a most common service that every insurance company provides to their customer.

Pension

It’s also the most common product listed in every insurance company’s list and the most demanded policy.

Investment management

Aviva company add some other services to keep engage their customer and make their life easy.

Mutual Fund  

In recent times mutual fund service is on-demand and people are showing interest in this service also. Aviva has multiple for their business and mutual fund is one of those services.

Social Responsibility

Aviva India conducts the Aviva Great Wall of Education in various cities each year. Aviva Great Wall of Education is a kind of campaign through which every year collects books for unprivileged children. Till now through this campaign, they collected more than 2 million books and distributed more than 500,000 underprivileged children across the country.

In fact, in the year 2011 this initiative was supported by people, and this year they collect 1.1 million books in a single year. Aviva Great Wall of Education is also named in the list of Limca Book of Records for being the Largest Wall of books.