• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , Jan. 16

Aviva Life Insurance and IndusInd Bank have tied up as bancassurance partners. The life insurer now has 30 bank partnerships and has increased its presence to 497 locations.

A press release quoting Mr Bert Paterson, Managing Director, Aviva Life Insurance, said, "The bancassurance channel contributes close to 65 per cent of Aviva's business in India. With this strategic tie-up with IndusInd Bank, Aviva has found a partner with an extensive distribution reach thus further strengthening our position in the market."

IndusInd Bank will sell Aviva products like LifeLong, SaveGuard, SaveGuard Junior, EasyLife Plus and Pensions Plus to bank customers in the first phase. The partnership will be on a referral type business model.

In the first nine months of the current fiscal, Aviva has raked in new business premium (calculated by the annualised premium equivalent method) of Rs 467 crore, a growth of 105 per cent from the previous year.

More Stories on : Alliances & Joint Ventures | Channels and Franchises | Life Insurance | Private Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee closes flat

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line