Aviva Life Insurance Company India Limited
Aviva Life Insurance Company India Limited: Aviva is UK's largest and world's fifth largest insurance Group. It is one of the leading providers of life and pension products to Europe and has substantial business elsewhere around the world. With a history dating back to 1696, Aviva has a 45 million-customer base with its presence in 27 countries. It has £359 billion of assets under management.
In India, Aviva has a long history dating back to 1834. At the time of nationa1isation it was the largest foreign insurer in India in terms of the compensation paid by the Government of India. A viva was also the first foreign insurance company in India to setup its representative office in 1995.
In India, Aviva has a joint venture with Dabur, one of India's oldest, and largest Group of companies. A professionally managed company, Dabur is the country's leading producer of traditional healthcare products.
In accordance with the government regulations, Aviva holds a 26 percent stake in the joint venture and the Dabur group holds the balance 74 percent share.