Aviva Life Insurance, today, announced their distribution tie-up with Anagram Stockbroking Ltd, one of India's leading stockbroking firms for the sale of life insurance products.
- Strategic tie-up to give wide reach to Aviva in over 500 locations across India
- Comprehensive range of Aviva's products to be made available to Anagram's customer base of 1.5 lakh plus
Aviva Life Insurance, today, announced their distribution tie-up with Anagram Stockbroking Ltd, one of India's leading stockbroking firms for the sale of life insurance products. The tie-up will enable Aviva to leverage Anagram's vast reach of branch networks and franchisees having over 500 touch points across India. Aviva has direct/ indirect tie-ups with close to 10 broking houses and reaches out to customers in more than 3,000 locations across the country through bancassurance tie-ups and company branches.
Speaking on the occasion, Mr T R Ramachandran, CEO and managing director, Aviva Life Insurance, said: "Aviva‘s tie-up with Anagram is a significant development as it will enable us to further strengthen our presence in the country. We are extremely pleased at the opportunity to address the savings, protection, investment and retirement needs of Anagram's customer through our product suite."
He added: "Also, in the current financial scenario, we anticipate a rise in demand for long-term investment products with guaranteed returns and Aviva will be able to cater to this demand of Anagram's customers with a mixed portfolio of unit-linked insurance products and traditional insurance plans."
Munesh Khanna, chairman Anagram Stockbroking Ltd, said: "It has always been our endeavour to provide a one-stop shop catering to all of the investment needs of our customers. With this tie-up with Aviva, we will be able to provide world-class life insurance products to our valued customers."
Over the years, Aviva has formed and nurtured over 40 bancassurance partnerships and in excess of 70 plus partnerships with corporate agencies and brokers and this tie-up reinforces the company's position as a partner of choice.
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For further information, please contact:
Pooja Khan
Aviva Life Insurance
Telephone: +919811315510
E-mail: pooja.khan@avivaindia.com
Notes to editors:
About Aviva India
Aviva Life Insurance is a joint venture between Dabur and Aviva. Current paid up capital amounts to Rs 1,348 crore. Dabur are the 74% shareholder and Aviva the 26% shareholder. Aviva plc is the UK's largest insurance group and one of the world's oldest insurance groups, with a history dating back to 1696. Today, it is the fifth largest insurer worldwide, with 45 million customers and £359 billion assets under management. Prior to nationalization, Aviva was the biggest of the foreign insurers operating in the Indian market.
Founded in 1884, Dabur is one of India's oldest and largest groups of companies with the group's consolidated annual sales in excess of Rs 2,396 crores. A professionally managed company, it is the country's leading producer of traditional healthcare products.
Aviva pioneered the concept of bancassurance in India, and has leveraged its global expertise in this area successfully in India. Through its branches and its bancassurance partner locations, Aviva products are available in more than 3,000 towns and cities across India.
Aviva's products have been designed to provide customers flexibility, transparency and value for money. We have been among the first companies to introduce Unit Linked products in the market.
Aviva has a unique need based sales approach through the "Financial Health Check" (FHC). The FHC is a free service administered by our FPAs (Financial Planning Advisers) for a need-based analysis of the customer's long-term savings and insurance needs. Depending on the life stage and earnings of the customer, the Financial Health Check assesses and recommends the right insurance product for them.
Aviva is also keen to reach out to the underprivileged that have not had access to insurance so far. Through its association with BASIX (a micro financial institution) and other NGOs, it has been able to cover lakhs of lives.
About Anagram Stockbroking Ltd
Anagram Stockbroking Ltd, founded in 1993 is a part of the Rs 2,500 crore illustrious Lalbhai Group and is one of India's top corporate broking houses., Anagram has a very strong network of more than 170+ branches with over 500 odd franchises/sub brokers and a clientele of more than 1,50,000 retail investors, Anagram is counted amongst the top brokerages in the retail arena. Anagram is also a Depository Participant of the NSDL and provides online services to clients for account accessing and information
Anagram group companies include Anagram Capital Ltd, have memberships with National Stock Exchange of India Ltd (NSE) and Ahmedabad Stock Exchange (ASE). Anagram Stockbroking Limited has membership of Bombay Stock Exchange Ltd (BSE) and DP of NSDL for Equity and Commodities and Anagram Comtrade Limited has membership of Multi Commodity Exchange (MCX), National Commodity & Derivatives Exchange Ltd (NCDEX) and National Multi-Commodity Exchange of India Ltd (NMCE).