Aviva India is reviewing its India plans and proposes to enter the asset management and general insurance sectors.
Aviva Life Insurance, a joint venture between UK's biggest insurer Aviva and Dabur, has roped in master blaster Sachin Tendulkar as brand ambassador and named its new child insurance policy after the cricketer's title - Little Master.
Through the new campaign -- 'Padding up with Sachin' and 'Sachin Off Guard', launched on Tuesday, Aviva aims to strengthen its association with fatherhood and protection.
Aviva tries a new tool with Sachin Tendulkar to grab a bigger share of the life insurance market.
Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs 3,600 crore each totalling Rs 7,200 crore.
The Union Cabinet's decision to raise the foreign direct investment (FDI) limit in the insurance sector to 100 per cent is unlikely to significantly boost foreign investment as distribution remains a critical factor, requiring overseas players to partner with Indian businesses, experts said.
World's sixth largest insurer Aviva Plc on Thursday said it would look for more acquisitions in Asia and continue to focus on countries like India, China, Hong Kong and Singapore for achieving faster business growth.
In an effort to cut costs and improve efficiency, Insurance major Aviva on Thursday announced that it would reduce its staff in the United Kingdom by 4,000 from the existing 36,000 and offshore 1,000 of them to India by 2008.
Aviva Plc, the fifth largest insurer globally, will hire about 3,300 more people in India and Sri Lanka by 2007, as part of its strategy to outsource some of its life and non-life services.
Aviva Life Insurance has hiked capital by another Rs 88 crore (Rs 880 million) to Rs 243 crore (Rs 2.43 billion) to sustain growth in business, which doubled to over Rs 70 crore (Rs 700 million) in 2003.
Aviva Life Insurance has hiked its capital by Rs 77 crore (Rs 770 million) to Rs 320 crore (Rs 3.2 billion) to sustain its business growth in the next fiscal.
Aviva Life Insurance on Wednesday launched two new funds -- a secure guarantee fund and equity-oriented growth fund.
Britain's largest insurance group Aviva Plc said on Tuesday it will build a new call centre and develop claims processing operations for its general insurance business in India.
Eyeing India as one of its fastest growing markets, world's fifth largest insurer Aviva Plc wants to infuse more capital in its Indian venture when FDI limit is raised and plans to hire 3,000 more people by 2006
Entities belonging to the Burman family, the promoter of Dabur India, on Monday announced a Rs 2,116 crore open offer to shareholders of Religare Enterprises Ltd (REL) to acquire up to an additional 26 per cent stake in the company as part of its strategy to enter the financial services space. Post the open offer, the family's stake in the financial services firm is expected to increase to 51 per cent. The open offer is made to increase the family's stake and take control of REL and this will mark the entry of Burmans into the financial services space.
Unit-linked plans or Ulips continue to be expensive compared to other instruments, say certified financial planners.
Voicing concern over potential job losses in the United Kingdon, Azim Premji chief of IT major Wipro said a number of large British corporations, including HSBC, Royal and SunAlliance
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
When Life Insurance Corporation (LIC) of India gets listed on the bourses next month, it will be among the biggest listed life insurers globally in terms of market capitalisation (m-cap), assets, and revenue, but will also be among the least profitable and capitalised among its peer group. A big gap between LIC's m-cap, profits, and networth (shareholder capital) will make it one of the priciest insurers globally, in terms of price-to-earnings (P/E) multiple and price-to-book value (P/B) ratio. LIC also lags behind its Indian listed peers in terms of profit and networth.
Aviva CEO talks about talks about some of key issues on insurance.
Well aware that he would not pick up the willow again, cricket icon Sachin Tendulkar had discussed his last dismissal with his elder brother Ajit even after his farewell Test against the West Indies in November 2013.
India's campaign in the Aviva Singapore Super Series came to an end on Friday after both Saina Nehwal and Anup Sridhar lost their respective quarter-finals. Tournament sixth-seed Saina went down 21-19, 19-21, 14-21 to China's Wang Lin in the women's singles while qualifier Sridhar's dream run was cut short by Thailand's Boonsak Ponsana. The Indian lost 11-21, 8-21.
Such products in insurance parlance are called acturial-funded products. The ban would require Aviva Life Insurance to withdraw all its 14 ULIP products, while Bajaj Allianz one of its ULIPs called Capital Unit Gain.
Buoyancy in the equity market and the soft interest rate regime have prompted insurers like the LIC to focus on unit-linked products that provide life cover as well as tax benefits and capital appreciation to investors.
According to Insurance Regulatory and Development Authority recommendations, a uniform grace period of 30 days is extended for annual, half-yearly and quarterly renewals, and 15 days for monthly renewals.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
The rally in Indian market is mainly due to resumption of foreign institutional investor inflows.
Sarvesh Agrawal tells Shobha Warrier about how he built a start-up "of the interns, by the interns and for the interns."
