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 contribution towards an insurance policy.
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.
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.
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.
Running a company in a way that seeks to increase the value of each shareholder's stake in the business.
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.
We're here to help people to save for the future and manage the risks of everyday life.
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Dabur India Limited is a leading Indian consumer goods company with interests in Hair Care, Oral Care,Health Care, Skin Care, Home Care and Foods. From its humble beginnings in the bylanes of Calcutta way back in 1884 as an Ayurvedic medicines company, Dabur India Ltd has come a long way today to become a leading consumer products manufacturer in India. For the past 130 years, we have been dedicated to providing nature-based solutions for a healthy and holistic lifestyle.
Through our comprehensive range of products, we touch the lives of all consumers, in all age groups, across all social boundaries. And this legacy has helped us develop a bond of trust with our consumers. That guarantees you the best in all products carrying the Dabur name .
Each claim is assigned to a specific Claim Personal Manager who will take care of the claim till the final settlement. The name and contact details will be conveyed in our letters, SMS, and call. On receipt of the claim, Claim Personal Manager will call and guide claimants about the process and expected timelines of settlement.
Help In Document Procurement
In case, you are facing any difficulty in document procurement, please write to us. We will engage our personals to procure documents on your behalf.
