A Viva

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INTRODUCTION: Aviva India is a joint venture between one of the country’s oldest and largest groups, Dabur, and Aviva plc, the UK's largest insurance group, whose association with India dates back to 1834. OBJECTIVE: Their vision is to be amongst India’s leading life insurers with a quality business model, focused on sustainable growth. They seek to build a robust product portfolio meeting all customer lifecycle needs related to – Savings, Retirement, Investments and Protection. ACTIVITIES UNDERTAKEN: With a strong sales force of over 30,000 Financial Planning Advisers (FPAs), they have initiated and pioneered many innovative sales approaches, including the concept of Bancassurance and Financial Health Check services. They are among the first companies to introduce the contemporary unit-linked products. A seasoned team of fund managers make their fund management one of the key differentiators. With a wide distribution network of 195 branches and close to 40 Bancassurance partnerships, they are spread across nearly 3,000 towns and cities in India.


MANAGEMENT TEAM: Name TR Ramachandran Rajeev Arora Monica Agrawal Vishal Gupta Sumit Behl Ravi Bhadani Munish Sharda Rishi Piparaiya Sandip Mallik Jyoti Vaswani K K Dharni Snehil Gambhir Rajiv Sehgal Vijayalakshmi Natarajan Fact sheet Designation Chief Executive Officer & Managing Director Director, Finance & Actuarial Director, Corporate Initiatives Director, Marketing Director, Business Risk & Internal Audit Company Secretary and Senior Vice President- Compliance & Legal Director, Direct Sales Force Director, Bancassurance Director, HR Chief Investment Officer & Director, Fund Management Appointed Actuary Sr. Vice President, Transformation & Services Chief Information Officer & Sr, Vice President, IT Senior Vice President, Operations

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JV partner: Dabur (74% stake) Foreign partner: Aviva plc (26% stake). One of the world's top Insurance groups and the biggest in the UK. It is one of the leading providers of life and pensions products to Europe. Aviva has a 50 million-customer base worldwide with £352 billion assets under management. Managing Director & Chief Executive Officer: Mr. TR Ramachandran Paid up Capital: Rs 1,888 crores Locations: 195 branches, close to 3,000 locations Bank partners: ABN Amro Bank, The Lakshmi Vilas Bank Ltd, Punjab & Sind Bank, IndusInd Bank, Bank of Rajasthan and more than 30 Cooperative Banks and Regional Rural Banks.


Aviva Life Insurance has grouped its various products into three main categories: Individual Group Rural Individual Plans: Aviva Life Insurance offer products under the following six categories for individuals: (I) Child (II) Savings (III) Retirement (IV) Protection (V) Health

Aviva New Young Scholar
Aviva New Young Scholar is a comprehensive plan that enables you to secure your child’s future in any eventuality through:

Attractive returns, enhanced by loyalty additions every year starting end of 5th year and maturity addition to build the desired corpus of funds on maturity of the policy

All future premiums being waived off and invested as a lump sum amount in to the funds, so the policy continues even in the unfortunate event of the parent’s death, disability or on contracting a critical illness, while the Sum Assured is paid out immediately

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Provision of a regular income for the minor child, in the event of parent’s death Systematic Transfer Plan (STP) for safe entry and safer exit into equities Option to minimize the effect of inflation through Indexation

Policy Term : 10 to 25 years, subject to the maximum maturity age parent as 70 years Premium payment term : 3 years or 5 years or equal to the policy term Premium Payment Frequency: Annually, Half yearly, Quarterly or Monthly Annual Premium: If premium payment term equals policy term, Minimum Rs 18,000; Maximum: No limit If premium payment term is 3 years or 5 years, Minimum Rs 50,000; Maximum: No limit Top-up Premium: Minimum - Rs 1,000; Maximum - up to 25 per cent of total regular premiums paid Fund Options:· Fund Options: Bond-II, Protector-II, Balanced-II, Growth-II, Enhancer-II, Infrastructure, PSU, and Index-II Funds

Riders Available: Accidental Death Benefit rider (ADB) : PAYS ADDITIONAL MONEY IN CASE OF OUR ACCIDENTENTAL DEATH. Income Benefit rider (IB) :



2.Aviva New Freedom Life Plan
overview Freedom Life Plan allows you to choose the proportion of savings and protection and change it, in line with your changing needs, with the option to pay premiums for as few as 3 years, through:
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Option to reduce premium and increase / decrease Life Cover (Sum Assured) Option to cover husband and wife under the same policy Range of cover from 5*AP to 1.25*PT*AP Select from three riders – Accidental Death and Dismemberment Rider (AD&D) , Comprehensive Health Benefit (CHB) Rider Hospital Cash Benefit Rider (HCB) Aviva Payor Plus Rider Indexation to protect savings & protection against inflation Limited premium paying term(PPT) including 3 & 5 years, with an option to increase the PPT (if PPT>=10) 8 fund options (Bond-II, Protector-II, Balanced-II, Growth-II, Enhancer-II, Infrastructure, PSU, and Index-II Funds), AAA & STP 100% allocation from sixth year

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Entry age:18 to 60 years; maximum entry age is 55 years and 50 years respectively for single life and joint life with riders. Policy term:10 to 30 years (maximum age at maturity 70 years) Premium payment term: 3, 5, 10, 15, 20, 25 or 30 years Premium Payment Frequency: Annually, Half yearly, Quarterly or Monthly Annual Premium: Minimum Rs. 25,000 for a PPT of 10 years or more; Rs 50,000 for PPT of 5 years and Rs. 100,000 for PPT of 3 years. No limit on Maximum Top-up Premium:Minimum - Rs 1,000; Maximum - up to 25 per cent of total regular premiums paid Fund Options:Bond II,Protector II,Balanced II,Growth II, Enhancer II, Infrastructure, PSU and Index II Funds Riders Available:Accidental Death and Dismemberment (AD& D) Rider,Comprehensive Health Benefit (CHB)Rider, Hospital Cash Benefit Rider,(HCB), Aviva Payor Plus rider

3.Aviva New PensionPlus Overview
Aviva New Pension Plus is a best-in-class plan that helps you fund your post-retirement years :

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Attractive returns enhanced by Loyalty Additions during the policy term and Maturity Addition Opportunity to invest in high growth sectors such as PSU, Infrastructure, in addition to the Index-II fund Minimize the risk of market volatility with investment options such as AAA or STP Option to minimize the effect of inflation through Indexation


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Entry Age: 18-75 years (last birthday) Policy Term: Minimum 5 years; Maximum: 62 years Maturity Term: 40-80 years(last birthday) Annual Premium: o Minimum Regular Premium  Rs 100,000 for policy term between 5-10 years  Rs 18,000 for policy term between 11-19 years  Rs 12,000 for policy term more than 20 years o Minimum Single Premium: Rs 100,000 o Maximum Premium: No limit Premium Payment Frequency:Single, Annually, Half yearly, Quarterly or

Monthly Fund Options:Pension Protector-II, Pension Balanced-II, Pension Growth-II, Pension Index-II, Pension PSU, Pension Infrastructure • Increase Premium:Allowed through Indexation and Additional Regular Premium

4.Aviva LifeShield Plus Overview
Aviva LifeShield plus provides comprehensive protection for your family at a nominal cost through:
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Payment of Life Cover (Sum Assured) to your family in the event of your death, with a provision of double the Life Cover in the case of an accidental death. Immediate payment of the Life Cover in the case of critical illness or permanent total disability, while life cover continues till the policy term Most competitive rates


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Entry age: 18-55 years (Maximum age at the expiry of the policy is 65 years) Policy term: 10 years to 30 years Minimum Sum Assured: Rs 10 lakh Premium Payment Frequency: Yearly, Half Yearly, Quarterly and Monthly

Riders: Aviva Dread Disease (DD) Rider and Accidental Death Benefit (ADB)


5.Aviva Health Plus
Aviva Health Plus is a comprehensive health cum savings plan that covers you against death and ill health, while guaranteeing the return of a part of the premium on maturity through:
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Provision of a Life Cover (Sum Assured) on death and disability Protection against 18 critical illnesses A combined benefit of more than Rs 21 lakh, in case all health benefits are claimed Extended death and disability cover for 5 years after the health benefits cease Guaranteed maturity benefit on the date of maturity, even if all health benefits are claimed.


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Entry Age :18 to 55 years (last birthday) Policy Term : 10 years (maximum age at maturity is 65 years) Premium payment term :5 years Annual Premium : Rs 35,000 + Service Tax for all age groups. Sum Assured : Rs3.5 lakh

Aviva India and DBS Bank partner for Bancassurance
September 18th, 2009 by Neha at 6:36 am Posted in News No community opinions so far. Add your opinion today, it surely matters in this community. Thanks.

Aviva Life Insurance and DBS Bank today announced a strategic partnership for bancassurance in India by which DBS Bank will offer its customers, customised insurance solutions from Aviva’s comprehensive portfolio. As the corporate agent for Aviva Life Insurance, DBS Bank which provides holistic offering of banking and wealth management services, will now offer Aviva’s best in class products like Aviva Young Scholar, Aviva Health Plus, Aviva LifeLine, Pension Elite and SaveGuard, to affluent and high net worth (HNI) customers from all its 10 branches. TR Ramachandran, CEO and MD Aviva India said, “The tie-up with DBS Bank is an important milestone for Aviva. We are India’s leading Bancassurer with more

partnerships and a first class reputation for implementation. Given the fast changing market dynamics and its volatility, customers today are seeking avenues for financial security. With this strategic tie-up Aviva and DBS can address this very need of the customers through our products and services.” Sanjiv Bhasin, CEO, DBS India, said, “We are committed to building a universal banking franchise in India. As we step up our initiatives in the retail domain, teaming with Aviva reaffirms our approach of partnering with the best to offer optimal solutions and service excellence.” Both Aviva and DBS have high expectations from the partnership and are fully committed to make it a success. Several joint initiatives have been planned to further promote this association. This partnership expands the ongoing relationship that Aviva and DBS have across Asia to the important and rapidly growing market of India. Aviva and DBS have forged a fruitful partnership in Singapore and Hong Kong since 2001. The two companies also plan to extend their partnership further by providing bancassurance in China and Taiwan in future.

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