asset allocation
The process of dividing investments among different kinds of securities, such as stocks, bonds, property and cash. The choices made reflect investment aims and attitude to risk.
annuity
Another word for "pension". An annuity is a regular payment from an insurance company designed to give the policyholder an income for life after retirement. It is paid for by a lump sum saved during the policyholder's working lifetime. Annuity rates are based on yields on gilt-edged securities at the time of purchase. On death, any remaining investments usually become the property of the annuity provider.
annual premium equivalent (APE)
A UK industry standard formula for calculating levels of life and pensions new business over a period of time, to smooth out the effect of large, one-off payments. It is the total of new annual premiums plus 10% of single premiums. For the time being, Aviva will report life and pensions new business using both APE and present value of new business premiums.
annual premium
Annual contribution towards an insurance policy.
amortisation
An accountancy term for the gradual reduction in value of an asset caused by the passage of time. If something is amortised, it is written off. If the cause is not solely related to time, the effect is described as depreciation.
agent
An individual or firm authorised to carry out transactions on behalf of another, such as the sale of insurance policies. Agents usually earn commission or a fee on the sale of a policy. They may be tied to a particular company and offer a limited selection of products.
additional value of in-force long-term business
An estimate of future profits that will emerge over the remaining term of all existing life and pensions policies for which premiums are being paid or have been paid at the balance sheet date.
adding shareholder value
Running a company in a way that seeks to increase the value of each shareholder's stake in the business.
Partners
Partners
Aviva and Bank of Maharashtra Alliance – A new beginning
Bank of Maharashtra and Aviva India has entered into a Corporate Agency arrangement for distribution of Life Insurance products which marks the first ever Public Sector Bank partnership under Open Architecture regulations.
Bank of Maharashtra is a major public sector bank in India which has a proud existence of 82 years. The Bank was founded in the year 1935 and commenced operations in Feb 1936. Right from its inception, the focus of the Bank has been to assist small business enterprises, traders, self-employed and other common men.
The Bank carries a vision to be the most vibrant, forward looking, techno-savvy, customer centric bank serving diverse sections of the society, enhancing shareholders and employees value while moving towards global presence.
Government of India holds 81.61% of the total shares. The bank has more than 2.25 Crore customers across the length and breadth of the country served through 1850 plus branches as of December 2017 of which 55% branches are in rural and semi urban area. It has the largest network of branches by any public sector bank in the state of Maharashtra. The branch network includes specialized branches in the area of foreign exchange, Government business, Treasury and International Banking, Industrial Finance, Small Scale Industry and Hi-tech agriculture, Pension Payment, Self Help Groups etc. The Bank’s Net Worth stood at Rs. 5486.47 crore as on 31.03.2017
Together we will ensure that we are available for all our customers across all the digital touch points through dedicated customer portal, efficient mobile app and for all the stages of our customers’ journey i.e. Pre-sale, Point of Sale and Post-sale.
- List of Corporate Agents
- List of Agents terminated on fraudulent grounds
- List of Active Agents
Aviva Group
We're here to help people to save for the future and manage the risks of everyday life.
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