Aviva India
Aviva India, founded in 2002 and headquartered in Gurugram, Haryana, operates in the insurance industry with a team of 1705. The company specializes in various life insurance products and has pioneered several initiatives, including bancassurance and the 'Street to School' program.
Company Overview
Aviva India is a public company operating in the insurance industry, founded in 2002. With a team size of 1,705, it is classified as a very large enterprise. The company is headquartered in Gurugram, Haryana, and has a significant presence with 122 branches across nearly 1,000 towns and cities in India. Aviva India specializes in a variety of insurance products, including life insurance, online life insurance products, term life insurance, child insurance plans, and pension and retirement insurance plans.
Insurance Products
Aviva India offers a comprehensive range of insurance products designed to meet diverse customer needs. These include term insurance, guaranteed savings plans, unit-linked insurance plans (ULIPs), child insurance plans, and retirement plans. The company is known for its ULIP plans, which feature a minimum charge structure, flexibility to switch between funds, and options for partial withdrawals. Additionally, Aviva India provides an online will writing service to assist customers in creating their wills.
Corporate Social Responsibility
Aviva India is committed to corporate social responsibility through initiatives such as the 'Street to School' program, which supports over 500,000 underprivileged children with education and other needs. The company also runs the Aviva Community Fund to support social and environmental initiatives. Furthermore, it has a strategic partnership with the British Red Cross to build resilient global communities.
Innovative Services
Aviva India has introduced several innovative services to enhance customer experience. The 'Ask It Never' initiative simplifies the insurance buying process using big data. The company also offers Financial Health Check services to help customers make informed insurance decisions. Additionally, Aviva India provides a WhatsApp service for customers to manage their insurance policies and receive updates.
Joint Ventures and Partnerships
Aviva India has established strategic partnerships and joint ventures to expand its offerings. It operates a digital insurance joint venture in Hong Kong called Blue, in collaboration with Hillhouse Capital and Tencent Holdings Limited. The company also has a partnership with Bank of Maharashtra for the distribution of life insurance products and a joint venture with Dabur Invest Corp.