Aviva is the world's sixth-largest insurance group and the biggest in the UK.It is one of the leading providers of life and pensions products in Europe and has substantial businesses elsewhere around the world.Its main activities are long-term savings,fund management and general insurance.It has premium income and investment sales of £33 billion≈ and £291 billion# of assets under management.The group has 60,000 employees serving 30 million customers worldwide.
AVIVA'Z Performance 2004:-
£2,344 million operating profit before tax*
£17.2 billion worldwide long-term savings total new business sales**
25.36 pence full year dividend
£12.9 billion shareholders' funds†.
Operational highlights
Strong performance in both long-term savings and general insurance businesses.
Improved life result: higher new business contribution across all major business units and sustained sales growth in continental Europe.
Excellent general insurance result with strong profit growth and a combined operating ratio‡ of 97%, beating our group target.
The Aviva brand
Aviva became the new name for the former CGNU in July 2002. The change represented part of the group’s planned journey towards being recognised as a world-class financial services provider.
The Aviva brand brought together more than 40 different trading names around the world and created further opportunities for the group to harness the benefits of its size and international capabilities.
Today the Aviva brand is alive and trading in more than 20 countries with Aviva now the world’s sixth-largest insurance group (based on gross worldwide premiums).
Group chief executive Richard Harvey said: “We are creating a new and powerful international financial services brand.
“The benefits of this change are significant. We are able to make more of our corporate brand, to the benefit of our trading businesses. We are also making more effective use of our marketing spend, particularly in advertising and sponsorship.
“The Aviva name tested positively in consumer research around the world, bringing with it associations of life, vitality and living well. This matches the aspirations we have for our customers.”
ABT "AVIVA INDIA"
Products & Services
The right investment strategies won't just help you plan for a more comfortable tomorrow -- they will help you get Kal Par Control.
At Aviva, life insurance plans are created keeping in mind the changing needs of you and your family. Our life insurance plans are designed to provide you with flexible options that meet both protection and savings needs.
We offer our customers a full range of transparent, flexible and value for money products that include whole life (LifeLong), endowment (LifeSaver, EasyLife Plus), child policy (Young Achiever) single premium (LifeBond, LifeBond Plus), Pension (PensionPlus), Term (LifeShield) and a 5 year recurring premium investment cum protection plan (LifeBond5). Aviva products are modern and contemporary unitised products that offer unique customer benefits like flexibility to chose cover levels, indexation and partial withdrawals.
We also offer you a choice of investment options. You can choose between our Unit Linked Fund or our With Profits Fund.
The With Profits Fund guarantees that the selling price of the units will never fall. The unit value of this fund is increased by crediting bonuses on a daily compounding basis. The fund provides investment security to your capital.
The Unit Linked Fund is designed to provide relatively more progressive capital growth wherein you automatically receive the benefit related to the investment performance of the fund.
Under Unit Linked Fund, on some of our products we offer a choice of fund options:
Secure Fund: The investment objective of this fund is to provide progressive return on your investment with a capital guarantee on maturity. The fund comprises of debt securities in the range of 50-100%, equities in the range of 0-20% and money market and cash in the range of 0-20%. Initially the equity exposure will be 10 %.
Growth Fund:The investment objective of this fund is to provide high capital growth by investing higher element of assets in the equity market. The fund will comprise of debt securities in the range of 0-50%, equities in the range of 0-85% and money market and cash in the range of 0-20%. Initially the equity exposure will be 75%.
Balanced Fund: The investment objective of this fund is to provide capital growth by availing opportunities in debt and equity markets and providing a good balance between risk and return. The fund comprises of debt securities in the range of 50-90%, equities in the range of 0-45% and money market and cash in the range of 0-10%. This is Aviva’s flagship fund with the current asset mix on December 31, 2003 being equities 42.67%, government securities 52.89% and cash and money market 4.44%.
Aviva also offers a whole range of group insurance products and corporate solutions. We have a dedicated team that works with corporates across the country.
