Aviva IndiaHelping People Save For The Future

And Manage The Risks Of Everyday Life

Presented By-Joe Oliver Mae Ryan LyngdohPGDM 2014-2016P14253

About Aviva

• It is a British multinational company headquartered in London United Kingdom

• It has around 31 million customers across 16 countries

• In the UK Aviva is the largest general insurer and a leading life and pensions provider

• Aviva has a focus on five markets in Europe and in Asia

• In Asia, the company is focused on the growth markets of China and South East Asia.

• India being one of the Countries

History

• The name of the company upon its formation in May 2000 was CGNU plc.

•  In April 2002 the company's shareholders voted to change the company name to "Aviva plc”

•  An invented word derived from "viva", the Latin for 'life' and designed to be short, memorable and work worldwide

• In April 2008 Aviva announced that it would adopt the "Aviva" name as its worldwide consumer-facing brand

About Aviva

• It is a Financial Services Industry

• It was created by a merger of two British insurance firms, Norwich Union and CGU plc as CGNU in 2000.

• The Aviva name was adopted in July 2002

• Chairman- John McFarlane 

• Chief executive officer- Mark Wilson(since 1 January 2013)

• Operating Income- £2.049 billion (2013)

• Net Income- £2.151 billion (2013)

About Aviva

Aviva India• Aviva India is a joint venture between Dabur and Aviva Group • Vision- “To be amongst India’s leading life insurers with a quality

business model, focused on sustainable growth”• A robust product portfolio• Protection, Retirement, Savings and Investments.• 134 branches • 1,000 towns and cities• operate in partnership with the Dabur Group through 26% interest in

Aviva Life Insurance Company India Ltd.

History

• 2000-LIC’s monopoly over life assurance in India comes to an end*

• 2002-Aviva enters the Indian market in a joint venture with Dabur India. 

• 2003-Aviva India signs its first bancassurance agreement

• 2004-Aviva India sells its one-millionth policy.

• 2007- Sachin Tendulkar signed as Brand Ambassador

Dr Ajay Dua- Independent Director

Dr Anand Chand Burman-Director

Mr Mohit Burman- Chairman

Mr TR Ramachandran- Chief Executive Officer and Managing Director

Board of Directors

>>Mr Bobby Parikh- Independent Director>>Mr Inderpreet Singh Pal- Director>>Mr Pritam Das Narang- Director>>Mr Pradip Burman- Director>>Mr.Avnish Kalra has resigned from the directorship of the Company with effect from 15th May 2014.

Fact Sheet

• Joint Venture partner: Dabur (74% stake)• Foreign partner: Aviva plc (26% stake)• World's sixth largest insurance group based on gross worldwide

premiums for 2010 year• Worldwide total sales of £40.6 billion(at 31 December, 2011) • Operating profits of at £2.5 billion(at 31 December, 2011)• Paid up Capital: Rs 2004 crores• Bank partners: RBS, Punjab & Sind Bank, IndusInd Bank • More than 30 Cooperative Banks and Regional Rural Banks.

74%

26%

Partner Shares

Dabur Aviva plc

Fact Sheet

• Aviva India has been listed as a Growth market by Aviva UK

Fact Sheet• Net profit-

1. Rs 74 crore for FY 2011-122. Rs 29 crore for FY 2010-11

• Market Share - 3.2% increased in FY 2011-12 from 2.3% in 2010-11

• The new business premium collected by the company stood at Rs 762 crore, a growth of 15% in FY 2011-12.

• Total Premium Collected- 1. FY 2010-11 – Rs 2,345 crores 2. FY 2011-12 Rs 2,415.8 crores 3. FY 2012-13 Rs 2,140.6 crores

29

74

Net Profit (Rs)

2010-2011 2011-2012

2.30%

3.20%

Market Share

2010-2011 2011-2012

2010-2011 2011-2012 2012-2013 2000

2050

2100

2150

2200

2250

2300

2350

2400

2450

2345

2415.8

2140.6

Fiscal Year

Total Premium Collected

Corporate Responsibility

• Education is Insurance

• It is an investment that never depreciates

• Aviva’s Corporate Responsibility initiatives wishes to empower as many children.

• Ongoing projects• NAVSHRISHTI: CRY has been working with Navsrishti for the last 10 years

in Nangloi.(Delhi)• Number of children impacted: 2500• Jago Foundation works in the state of Jharkhand in 51 villages of the state.• Number of children impacted: 9630

Corporate Responsibility

• Ongoing projects• Save The Children

•  working in the Okhla and Govindpuri slums of Delhi•  children of preschool age- Elementary Education• Older children between 15-18 years of age, are provided life skills training and linkages

to vocational training opportunities• Number of children impacted: 2178

• Aviva Street to School’ – Recognizing ‘Education is Insurance• Association with CRY and Save the Children

Awards And Recognitions

References

• http://www.avivaindia.com/•

http://articles.economictimes.indiatimes.com/2012-05-14/news/31701415_1_aviva-life-insurance-net-profit-aviva-india•

http://businesstoday.intoday.in/story/aviva-india-insurance-business-exit/1/197514.html•

http://www.myinsuranceclub.com/insurance-news/aviva-life-insurance-reports-profits-and-achieves-break-even

Thank You