Aviva Life Insurance today announced the appointment of Munish Sharda as director - direct sales force based in Delhi and Rishi Piparaiya as director - bancassurance based in Mumbai.
Aviva Life Insurance today announced the appointment of Munish Sharda as director - direct sales force based in Delhi and Rishi Piparaiya as director - bancassurance based in Mumbai.
Munish joins Aviva from Citibank, with rich experience in retail financial services. He was, until recently, heading the personal loans business where he was responsible for product management, sales and distribution, marketing, operations, credit and risk, collections, customer service, compliance and control. Munish has a BE (mechanical) from PEC, Chandigarh and a post graduate diploma in Business Management from IIM Lucknow.
Rishi too joins Aviva from Citibank with varied international experience in the areas of strategy, insurance, liabilities and wealth management. In his previous role, he was heading the insurance business of Citibank and was also the head of liabilities product and the Citigold Wealth Management portfolio. Rishi holds a bachelors degree in economics from University of Rochester and a MBA from Cornell University.
Speaking on the new appointments, TR Ramachandran, CEO and MD, Aviva India said: "I am delighted to have attracted the quality of talent represented by both Munish and Rishi. Both bring relevant experience, strong sectoral knowledge and great leadership skills. The appointments reflect Aviva's strategic thrust in building a multi channel distribution model with best in class productivity."
All appointments are with immediate effect.
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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.