Aviva Life Insurance today announced its expansion plans for the region, which include the opening of new offices in Asansol and Guwahati and second office in Kolkota by next year. The new offices along with the existing Kolkota office will serve the entire West Bengal and North Eastern region.
Aviva Life Insurance today announced its expansion plans for the region, which include the opening of new offices in Asansol and Guwahati and second office in Kolkota by next year. The new offices along with the existing Kolkota office will serve the entire West Bengal and North Eastern region.
Asansol and Guwahati, both of which are active insurance markets, will provide Aviva a ready market for its professional services. The neighboring areas and towns such as Durgapur, Dhanbad further help in establishing Aviva’s presence is the region. In addition, these offices will enable Aviva to access the vast rural market.
Speaking on the occasion, Mr. Stuart Purdy, Chief Executive Officer, Aviva Life Insurance, said: “On an average, West Bengal sells over 18 lakhs policies in a year. Based on the tremendous response that we have received in the first week of business where we have sold over 500 policies we are delighted to open two new offices to strengthen our services in the region."
He further added: “With our three offices and our fully trained Financial Planning Advisers we plan to cater to the entire Eastern & North East region and establish Aviva as a market leader in the region. As a part of our expansion plan, we will also be opening another office in Kolkata and will increase the strength of our Financial Planning Advisers from 80 to 200 by 2003.”
Aviva Life Insurance and ABN AMRO Bank have also commenced operations in Kolkata. Through the bank, Aviva provides a full range of flexible and value for money products that include whole life, endowment, single premium savings plans to bank customers.
Aviva Life Insurance has trained Financial Planning Advisers (FPA’s) in each of the ABN AMRO Bank branches and follows a need based selling approach that is designed to give customers an overview of their financial needs based on their life stage and individual requirements.
About Aviva Life Insurance
- Aviva Life Insurance is a joint venture between Dabur and CGU, a wholly owned subsidiary of Aviva Plc, the UK's largest insurance Group.
- Aviva Plc is the new name of CGNU Plc. Aviva is the world's oldest insurance Group, with a history dating back to 1696. Today, it is the seventh largest insurer worldwide, with 25 million customers in over 50 countries and assets under management in excess of US$ 300 billion. Aviva has also secured distribution partnerships with Canara Bank, Lakshmi Vilas Bank, ABN AMRO Bank and American Express.
- Founded in 1884, Dabur is one of India's oldest and largest group of companies with annual sales in excess of Rs1,200 Crores. A professionally managed company it is the country's leading producer of traditional healthcare products.
- Aviva is the brand name of Dabur CGU Life Insurance Company Pvt Ltd.