Aviva announces strategic alliance with American Express for distribution of Life Insurance.
Aviva announces strategic alliance with American Express for distribution of Life Insurance.
Aviva life insurance and American Express have today entered into a strategic alliance for the distribution of Life Insurance products to customers of American Express. The launch was marked by the sale of the first Aviva life insurance policy to American Express Platinum Cardmember - Mr Pankaj Munjal - Managing Director, Hero Motors.
Aviva Life Insurance will work closely in collaboration with American Express to provide its bank and card customers the flexibility to balance their savings and protection needs by designing an appropriate level of insurance cover. Through its corporate partners, Aviva Life Insurance is committed to bringing the perfect combination of beneficial life insurance cover at competitive prices, backed by world class customer service to the Indian customer.
Speaking on the occasion of the launch Stuart Purdy, CEO, Aviva Life Insurance, said: “I am very pleased to have sold the first Aviva policy to an American Express Platinum Cardmember. It marks the beginning of an exciting relationship whereby we intend to offer modern, flexible, transparent and value for money products to all American Express customers."
Mr Manoj Adlakha, VP & Head, Consumer Cards, American Express Bank, said: “This tie-up is another step towards American Express’ vision of providing a complete range of financial services to its customers. This is an excellent opportunity to partner with Aviva with whom we have a shared commitment to delivering unique and customised insurance solutions and outstanding service to our customers."
About American Express
- American Express is the world’s largest travel related services company with over 50 million cards worldwide and more than US$22 billion in annualized travel sales from its owned offices. The company has a network of more than 1700 travel service offices (owned and representative) in more than 130 countries.
- Present in India since 1921, American Express provides high quality financial & travel related services to individuals (institutions) and corporates in India and has the largest network of 50 travel offices located across the country.
- American Express Company, a diversified travel and financial services company founded in 1850, is a world leader in charge and credit cards, Travellers Cheques, travel, financial planning, investment products, insurance and international banking.
About Aviva
- Aviva Plc is the new name of CGNU Plc. Aviva is the world's oldest insurance group, with a history dating back to 1696.Today, it is the seventh largest insurer in the world, with 25 million customers in over 50 countries and assets under management in excess of US$ 300 billion. Aviva has also secured distribution partnerships with ABN AMRO Bank and Lakshmi Vilas Bank. It has also signed a LoI with Canara Bank, thus giving Aviva access to over 2600 branches serving over 28 million customers.
- Founded in 1884, Dabur is one of India's oldest and largest group of companies with annual sales in excess of RS. 1,200 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 Private Limited.
For additional information, please contact:
Suniti Ghoshal
Head - Corporate Communications
Phone: 0124(91) 6804141 extn 5406
Fax: 0124(91) 6804151
E-mail: suniti.ghoshal@dabur-cgu.com