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WHO WE ARE
Who we are
We are one of India's leading life insurance companies, offering a range of individual and group insurance solutions to customers by understanding what is important to them
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OUR STORY
Our Story
With a 300+ years global legacy, 33 million customers worldwide, and great partnerships we are here to help our customers build a future to look forward to
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LEADERSHIP
Leadership
With a deep rooted purpose of being With you Today, for a better Tomorrow, our leaders at Aviva India are those who have the capacity to translate vision into reality
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JOIN AVIVA
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IN THE NEWS
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BLOG
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Child's Future
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Secure your child's future with Aviva Nivesh Bima
Secure your child's future with Aviva Nivesh Bima
Having a child is a milestone in every parent's life where the child becomes their little bundle of joy.
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Changes in Higher Education in India and how to prepare for them
Changes in Higher Education in India and how to prepare for them
India is on a demographic edge. The country's young population is expected to become the largest in the world by 2030, as per a study by Deloitte.
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Top Careers that can brighten your child's Future
Top Careers that can brighten your child's Future
Long gone are the days when the careers of children were decided before they even learnt to walk.
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Financial mistakes every parent must avoid
Financial mistakes every parent must avoid
When it comes to your children, the sky's the limit.
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#FoodForThought- What will education & jobs be like 20 years from now
#FoodForThought- What will education & jobs be like 20 years from now
From crazy to cool, there are tons of jobs out there we never imagined twenty years back.
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Secure your child's future with Aviva Nivesh Bima
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Savings
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What are Unit Linked Insurance Plans (ULIPs)?
What are Unit Linked Insurance Plans (ULIPs)?
ULIP is a unique investment vehicle that seamlessly combines the benefits of an insurance policy with a market-linked investment.
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Do you know the benefits of ULIP Funds?
Do you know the benefits of ULIP Funds?
Unit linked insurance plans, or ULIPs as they are popularly called in short, help you get the benefit of investing in the capital markets while enjoying life insurance protection.
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Financial planning in your 30s.
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Looking for guaranteed savings? Aviva Nivesh Bima can help!
Looking for guaranteed savings? Aviva Nivesh Bima can help!
Saving a part of your income in fixed-income avenues is essential as it helps in diversifying your portfolio.
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Quick Tips: Early Financial Planning for Beginners
Quick Tips: Early Financial Planning for Beginners
As millennials, there are constant temptations competing for the limited money in our wallet, thanks to the very specific ads exploiting our wants everywhere we go on the internet.
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What are Unit Linked Insurance Plans (ULIPs)?
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Retirement
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Benefits of Early Retirement Planning
Benefits of Early Retirement Planning
When it comes to investments, this adage rings true. It's simple: the sooner you invest, the longer you have to stay involved, and the more likely you are to maximize your returns.
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Retirement planning - the earlier, the better
Retirement planning - the earlier, the better
When it comes to retirement planning, the importance of early investing has always been stressed upon.
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6 Retirement Planning Mistakes to avoid in your 50s
6 Retirement Planning Mistakes to avoid in your 50s
Retirement planning is a must if you intend to keep up the lifestyle you have enjoyed thus far.
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Why is Retirement planning important for securing your financial future?
Why is Retirement planning important for securing your financial future?
Whether one works in the private sector or the government one, there is one thing that both will have to do at one point: Retirement Planning.
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How we planned our Retirement- A personal story!
How we planned our Retirement- A personal story!
On 1st January each year as the new year dawns, everyone solemnly swears to some resolutions.
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Benefits of Early Retirement Planning
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Protection
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What is Term Life Insurance Plan Here's all you need to know!
What is Term Life Insurance Plan – Here's all you need to know!
We all work hard to ensure that our loved ones always have a better today and tomorrow.
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Financial Freedom with Life Term Insurance
Financial Freedom with Life Term Insurance
The dreams of our loved ones deserve fulfillment. Be it for the short term or long term, dreams not only grow countless with time but also become impatient to taste freedom.
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Quick Tips to Reduce the Premium for Term Plans
Quick Tips to Reduce the Premium for Term Plans
Has the thought ever crossed your mind on how your family would cope if you weren't around to take care of them?
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Top 10 reasons why Term Insurance Plans are must to have
Top 10 reasons why Term Insurance Plans are must to have
Life is uncertain and one can never predict what the future holds. To make sure that your family is financially secured in your absence, you can opt for a term insurance plan.
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Should I opt for Two Separate Term Plans or One Joint Term Plan?
Should I opt for Two Separate Term Plans or One Joint Term Plan?
We have spoken about how a Term Insurance Plan is a must-have. But many times the question arises as to which is a better investment option for coverage – A Joint Term plan or Two single Term plans?
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What is Term Life Insurance Plan Here's all you need to know!
- CALCULATORS & PLANNERS
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Child's Future
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ONLINE INSURANCE
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Savings Plan
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Aviva i-Growth
Online ULIP that optimizes your return on investment
Aviva i-Growth
Key Benefits
Chose saving horizon for 10/15/20 years along with life cover Choose investment fund as per the degree of risk Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D)
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Aviva i-Growth
Purchase protection, savings & health plans from the comfort of your home/office with Aviva online insurance plans
- TERM INSURANCE
- Aviva Jana Suraksha
Low cost life cover to protect your family
Aviva Jana Suraksha
Key Benefits
Life cover starting as low as Rs. 25,000 Double the cover in case of accidental death Choice of single or regular pay options - Aviva Saral Jeevan Bima Plan
A pure term plan for the financial security of your family
Aviva Saral Jeevan Bima Plan
Key Benefits
Option to choose life cover Flexible premium payment as per plan options
Affordable term insurance plans to provide comprehensive protection and financial safety net to your family.
- SAVINGS PLAN
- ULIP Plans
- Aviva Affluence
Unit linked plan to optimize your return
Aviva Affluence
Key Benefits
Chose investment horizon of 15 -30 years along with life cover Choose from 7 funds as per risk appetite Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D) - Aviva i-Growth
Online ULIP that optimizes your return on investment
Aviva i-Growth
Key Benefits
Chose saving horizon for 10/15/20 years along with life cover Choose investment fund as per the degree of risk Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D) - Aviva Fortune Plus
A Unit Linked Insurance Plan for wealth creation & financial security, with added convenience
Aviva Fortune Plus
Key Benefits
Choice of 7 unit-linked fund options Partial withdrawal & Systematic partial withdrawal options Applicable Tax Benefits under sections 80(C), 10 (10D)
- Aviva Affluence
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Guaranteed Plans
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Aviva Nivesh Bima
Savings plan to build a corpus, while periodically giving money back during the policy term
Aviva Nivesh Bima
Key Benefits
Flexibility to choose life cover as required Entry age upto 60 years depending on policy term Option to choose add-on Accidental death cover with the policy -
Aviva Income Suraksha
A plan that guarantees monthly income
Aviva Income Suraksha
Key Benefits
Guaranteed monthly income for 10/12 years Flexibility to align income as per life stage needs Tax benefits as per applicable tax laws - POS Aviva Dhan Suraksha
Easy to buy savings plan offering guaranteed returns
POS - Aviva Dhan Suraksha
Key Benefits
Convenient purchase process without medicals Life cover of 14.5 times the annual premium Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D) See more
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Aviva Nivesh Bima
Find avenues for systematically planning for your investments and savings needs with Aviva Savings plans
- RETIREMENT PLANS
- Aviva Annuity Plus
Pay once and get guaranteed payouts for life
Aviva Annuity Plus
Key Benefits
Annuity amount guaranteed for the life of the policy 7 annuity options to choose from Flexibility to increase purchase price for higher annuity amount - Aviva Next Innings Pension Plan
Savings plan for a worry free second innings
Aviva Next Innings Pension Plan
Key Benefits
Guaranteed 210% of premiums paid at maturity Provide financial security to your family in case of the death Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D) - Aviva Saral Pension Plan
A plan that offers gauranteed income and financial security
Aviva Saral Pension Plan
Key Benefits
One time payment to enjoy gauranteed* regular income for life Joint Life option which secures future income of spouse Tax Benefits based on prevailing tax laws, subject to change
Secure your golden years with Aviva Retirement plans
- GROUP INSURANCE PLANS
- Group term
- Aviva Group Term Life
Lumpsum/Monthly income for a secured future
Aviva Group Term Life
Key Benefits
Available for employer employee and non-employer employee groups Option of lump sum or monthly income benefit - Aviva Group Credit Life
Coverage for your institution against loans
Aviva Group Credit Life
Key Benefits
Covers a wide variety of loans Option of single or limited pay variants - Aviva Corporate Life Plus
Secure your employees and protect their families
Aviva Corporate Life Plus
Key Benefits
Low cost life cover for employees Additional cover for accidental death and permanent disability Coverage with minimal medical formalities - Aviva Corporate Shield Plus
Offers Benefits under EDLI
Aviva Corporate Shield Plus
Key Benefits
Life cover up to age 75 years Life cover with minimal formalities and without medical tests - Aviva Credit Assure
Secure your employees with life cover up to Rs. 10 Lacs
Aviva Credit Assure
Key Benefits
Life cover ranging from Rs.5,000 to Rs. 10,00,000 Option for a member to cover the spouse See more
- Aviva Group Term Life
- Gratuity Leave Encashment
- Aviva Group Gratuity Advantage
Unit linked plan to manage employee gratuity
Aviva Group Gratuity Advantage
Key Benefits
Helps manage gratuity liability for corporate Option to choose from 7 funds as per requirement Actuarial and Administrative support if required - Aviva New Group Leave Encashment Plan
ULIP with flexibility to choose from 8 fund options
Aviva New Group Leave Encashment Plan
Key Benefits
ULIP with flexibility to choose from 8 fund options The option to switch between various funds without any charges - Aviva New Traditional Employee Benefit Plan
A gratuity and leave encashment savings plan
Aviva New Traditional Employee Benefit Plan
Key Benefits
Employees up to the age of 74 are covered
- Aviva Group Gratuity Advantage
- Rural/Credit Protection
- Aviva Credit Suraksha
Coverage for your institution against loans
Aviva Credit Suraksha
Key Benefits
Option of flat, graded or loan linked life cover Optional life cover for the spouse of a member - Aviva Group Life Protect
Secure the future of your employees
Aviva Group Life Protect
Key Benefits
Option of flat or reducing cover Life coverage up to 30 years
- Aviva Credit Suraksha
Choose from Aviva's bouquet of plans to help provide cost effective solutions to secure your employee's future
- STRATEGIC INITIATIVES
- Armed Forces
- SME
Focused product offerings for select segments and tools for specific needs
Need help? We are here to listen and help Request a call- PAY PREMIUM Pay your premium online
- DOWNLOAD PREMIUM RECEIPT Download your Premium Receipt or Premium Paid Certificate
- DOWNLOAD POLICY DOCUMENT Download Policy Document TDS Certificate
- EDIT PERSONAL DETAIL Update your Name, Mobile Number, Email ID, Address, Bank Account Details, PAN and Nominee
- MANAGE FUNDS Switch your current funds or redirect your future premiums
- VIEW/EDIT POLICY DETAILS View your policy details and change your premium payment mode or the frequency of your renewal payments
- TOP UP POLICY Top up your policy with additional amount, over and above your regular premium
- FILE A CLAIM Initiate a claim & track claim status
- TRACK POLICY APPLICATION Track status of your policy application
- PAY FIRST PREMIUM Pay first premium of your policy online
- UNCLAIMED POLICYHOLDER DATA
- FAQs
- Turnaround Times
Register on Customer Portal MyAviva- KIDOSCOPE
Kidoscope
Your child's real interest might be different from what you have in mind. Know their real interest.
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SME Assist
An engaging tool which conducts your need assessment and helps bridge the gap between the roles you play in both personal as well as business finance.
Know More - HEART AGE CALCULATORSS
Heart Age Calculatorss
Is your heart older than you? Calculate your heart's age to find out!
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Need help? We are here to listen and help Request a callNeed help? We are here to listen and help
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Savings Plan
Our Offerings
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Term-Level, Term with Retun of Premium
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Dominated by Guaranteed, Non-guaranteed and ULIP options as well and Wealth Creation Options for HNIs/NRIs
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Securing child's education
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Accumulation with Guaranteed Return
About IMF
Insurance Marketing firm is an entity registered by IRDAI to solicit or procure insurance products as specified in regulation 3(a) of Insurance Regulatory and Development Authority of India (Registration of Insurance Marketing Firm) Regulations, 2015, to undertake insurance service activities as specified in regulation 3(b) of these regulations and to distribute other financial products specified in regulation 3(c) of these regulations by employing individuals licensed to market, distribute and service such other financial products.
IMF in Aviva
A separate business vertical is created in Aviva to have focused approach in recruiting, training and engaging the potential IMFs so that they can perform at the best. Our sales team supports performers from all fields who have entrepreneurial talent and would want to grow their business in the Insurance sector. Thus, providing one-stop financial solution to all the customers to meet their life goals.
Eligibility to Become an IMF
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You will have to be a private limited company, a limited liability partnership, or be otherwise recognized by the IRDA.
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Your company’s minimum net worth must stand at a minimum of INR ten lakhs
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You must have professional indemnity coverage.
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Your Principal Officer needs to meet all IRDAI eligibility criteria, and your staff must all be licensed by an institution designated by IRDAI.
Benefits of Partnership with AVIVA
- Structured and compliant business process
- Unlimited Income Opportunity
- Rewards & Recognition
- Opportunity to become part of a Large IMF community at Aviva
- 24*7 online training support for IMFs and ISPs
- Dedicated Sales & Support Vertical
- Best-in-Class par and non par products
- Products are easy to sell and simple to understand
- Return is given above the set benchmark
Registration Process of IMF with IRDAI
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Below are steps to be followed in sequential order:
- Prospect takes the NOC from IRDAI on Company
- Post NOC, Company is formed and registered in ROC
- IMF applies for PAN of the company
- IMF opens Bank account with State Bank of India
- Registration of PO/ISP with Insurance Institute of India(III)
- PO/ISP need to complete Training and Examination
- Basis the request from IMF and mutual consent, Aviva Life Insurance would issue consent letter to empanel IMF as distributor Documents required for FORM A
- Post submission of all mandatory documents, Form A is generated and an auto email is sent on IMF’s registered email id
- Hard copy of Form A is sent to IRDAI
- IRDAI reviews the uploaded/received document
- IRDAI conducts interview with PO on scheduled date and time and Registration certificate is issued.
Salient Features of IMF
- Better Income opportunity, wealth creation in distribution by entrepreneurs
- Increased earnings through selling insurance and financial products
- Opportunity to start own professional setup
- IMF can solicit Insurance Products, provide insurance service activities and also distribute Financial Products of other financial sector regulators
- Can operate PAN India
- Promoters of the brokers are allowed to set-up IMF
- Permitted to collect the premiums for online sales similar to Web Aggregators
- a career path to the existing insurance agents to progress
Frequently Asked Questions
What is an “Insurance Marketing Firm”?
“Insurance Marketing Firm” (IMF) is a business entity registered/ licensed by the IRDAI to solicit/ procure business for insurance products, undertake some specified insurance service activities and also to distribute other financial products by its salaried employees duly trained and licensed to undertake such activities. IMF is allowed to deal with 2 insurance companies each in 3 different lines of business i.e. Life Insurance, General Insurance & Health Insurance in retail space.IMF will be allowed to sell products of new specific insurance companies e.g. Motor or Liability Insurance Companies as and when licensed by IRDAI.IMF is also allowed to deal in the financial products approved and regulated by SEBI, RBI, Post Office, and NPS etc.
Who could be an “Insurance Marketing Firm”?
As the name suggests an IMF has to be a business firm/ entity, not an individual. As per the regulation a company formed under the Companies Act, 1956/20YY or a limited liability partnership firm under the Limited Liability Partnership Act, 2008; or a Co-operative Society registered under Co-operative Societies Act, 1912 are eligible to apply for registration. The IRDAI reserves it right to consider other applications too on its merit.
What is the capital requirement to set up an IMF?
The applicant firm needs to have a capital base of Rs 5/10 lakhs to begin with and maintain the net worth of this same amount throughout the operation. The IMF is required to submit a certificate duly certified by a Chartered Accountant to this effect annually within three months from the close of the financial year.
What are the revenue model/ remuneration for IMF?
A term insurance plan is a life insurance policy that, works purely to serve the future needs of your family members. A term policy offers high sum assured at a low cost. A high sum assured will help your family overcome the difficulties that accompany the loss of income due to the absence of the insured family member.
How Aviva term plan secures the financial future of your family?
The IMF is to get in to a tie-up with the Insurance Companies/ Financial Companies with whom they wish to deal. The Insurer shall make all remuneration for soliciting and procuring insurance policies undertaken by an IMF to the concerned Insurance Marketing Firm only and not to any other person’s or entity. The remuneration payable to IMF by the Insurer shall be as per the rate approved/specified by the IRDAI from time to time. In addition, the Insurance Marketing Firm may receive fees or charges from life insurance companies only in the form of service charges for recruitment, training and mentoring of their ISPs. These fees or charges shall not exceed 50% of first year commission and 10% of renewal commission received by IMF. No such payment shall be made in case of General/ Health Insurance Business. The Insurance Marketing Firm shall also be entitled to receive the fees for Undertaking insurance service activities on mutually agreed fee on prevailing industry norms evidenced by an agreement. The Insurance Marketing Firm will also be entitled to collect the ‘applicable service charges’ from the financial entities for the services rendered by the FSE employed by the Insurance Marketing Firm.
What is NOC?
No objection certificate is a certificate issued to the IMF applicant by the authority on request. This certificate can be used by the IMF applicant to register proposed IMF Firm Name with registrar of companies (ROC).
Is NOC mandatory for all IMF applicants?
No. It is required if NOC request the same for registration of proposed IMF Firm Name.
What is the validity of Registration of the Insurance Marketing Firm?
The registration issued under these Regulations shall be valid for a period of three years from the date of its issue, unless it is suspended or cancelled by the Authority.
What are the exclusions while buying term insurance?
Death cover under all circumstances except the following:
- Death due to any pre-existing medical condition not mentioned in the policy term
- Death due to any illegal activity
- Suicide within the first year of policy tenure
- Death due to any pre-existing medical condition not mentioned in the policy term
- Death due to any illegal activity
- Suicide within the first year of policy tenure
Best Selling Products
Grievance Redressal
Best Selling Products
+Grievance Redressal
+Important Links
+The name of the Aviva Product/Plan does not in any way indicate the quality of the insurance contract, its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Riders are not mandatory and are available for a nominal extra cost. Please read respective rider brochure before taking a decision.
Unit Linked Life Insurance products are different from traditional insurance products and are subject to market risks. Please know the associated risks and the applicable charges from your sales representative or the intermediary or policy document issued by the insurance company. The premium paid in Unit Linked life insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/ her decisions.
The various funds offered under Unit Linked Insurance contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Unit Linked Funds are subject to market risks and there is no assurance or guarantee that the objective of the investment fund will be achieved. Past performance of the investment funds do not indicate the future performance of the same.
BEWARE OF SPURIOUS/FRAUD. IRDAI in not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a complaint.
Aviva Life Insurance Company India Ltd.
A joint venture between Dabur Invest Corp and AVIVA International Holding limited
Registered Office
- 2nd floor,
- Prakashdeep Building,
- 7 Tolstoy Marg,
- New Delhi - 110001
- Delhi, India
Corporate Office
- 401-A, 4th Floor,
- Block A, DLF Cyber Park,
- Sector-20, NH-8, Gurugram,
- Haryana-122 008, India.
- Telephone Number: 0124-2709000/46
- Email: customerservices@avivaindia.com
- Toll Free Helpline: 18001037766
- SMS"Aviva"to 5676737
IRDAI Registration No:122
Aviva Trade logo displayed above belongs to Aviva Brands Limited and is used by Aviva Life Insurance Company India Limited under License.
©2019 Aviva India | www.avivaindia.com