Indians are big dreamers, but poor financial planners, reveals Aviva Life Insurance 'Plan India Plan' Survey 2017

Indians are big dreamers, but poor financial planners, reveals Aviva Life Insura

New Delhi [India], Mar 23 : Indian's are big dreamers, but when it comes to financial planning they lag behind by a distance reveals Aviva Plan India Plan survey 2017, a one of its kind survey conducted by Aviva Life insurance. However, millennial are better financial planners, while women are catching up fast with men on financial awareness and planning.

Aviva records 6% rise in operating profit

AvivaAviva, a leading global insurance giant, has said that it has recorded 6 per cent rise in operating profit on Thursday, which is higher than market expectations.

Aviva is in the middle of a turnaround plan that has seen 2,000 lay-offs and sales of underperforming businesses in various countries in Asia. The company said that its operating expenses fell 7 percent and cost saving targets for the year was ahead of plans, indicating that the company might restore the confidence of its investors.

Aviva records 14 per cent rise in new business to £571m

AvivaInsurance giant, Aviva has said that it has recorded a rise of 14 per cent rise in new business to £571million during the nine months of the year.

The company has said that it is on the path of recovery but much work needs to be done. Mark Wilson was brought in Mark Wilson as chief executive to follow a new strategy in order to revive its business. The company has said that its core UK life arm and a jump in French premiums had boosted the overall business. Capital generation was recorded at £1.3 billion.

Aviva cuts dividend to 19p for 2102

Aviva cuts dividend to 19p for 2102Insurance giant, Aviva announced its decision to reduce the final dividend to 9 p from 16 p, resulting in lower total dividend for 2102.

The company had distributed a dividend of 26p during the previous year to its shareholders and the total dividend for 2012 is 27 per cent lower at 19p. The company said that it had reduced the dividend in order to provide certainty to the shareholders, reduce debt and ensure that the company has a sound position for the future.

Spain's Bankia to pay $803 million for joint venture stake to Aviva

Spain's Bankia to pay $803 million for joint venture stake to AvivaSpain's Bankia has agreed to pay $803 million to UK based insurer Aviva to acquire its stake in the joint venture and settle a case involving breaching an exclusive distribution agreement.

Aviva announced that it has entered into an agreement with Bankia for the sale of stake and for the settlement clams relating to the breach of contract. The agreement comes after an abritration launched by Aviva during the previous year after the establishing of Bankia.

Aviva might cut 800 jobs in the UK

Aviva might cut 800 jobs in the UKInsurance giant, Aviva has indicated that it might have to let go 800 staff members in the UK under a major restructuring plan.

The company has not taken a decision about the locations for job cuts. There are concerns that the company will cut as many as 60 jobs at the Pitheavlis call centre. The job cut indications come just two months after optimism over comments by Aviva's head of general insurance business that the company might be employing twice as many staff in the Fair City.

Aviva employs North American chief for its European business

AvivaAviva has amazed shareholders by establishing Igal Mayer, person in charge of its North American department, at the peak of its European venture, substituting Andrea Moneta.

Mayer, who is accredited with turning around the North American department in the previous year, has been selected as chief executive for Europe with instant effect, being one of Aviva's four executive directors. He shall be followed by the chief financial officer of its North American arm, Richard Hoskins.

Aviva and PruHealth get award for best in the industry

avivaPruHealth and Aviva have got three awards for being the best in the healthcare insurance sector. This happened during an event that took place recently.

The name of the award ceremony was known as Health Insurance Awards 2010. it was organized by Health Insurance and Protection magazine and the host of the event was comedian Patrick Kielty at the Grosvenor House Hotel in London.

Aviva first quarter sales beat the expectations

Aviva first quarter sales beat the expectationsAviva Plc, the second largest insurer in UK, announced that its life and pensions new business sales fell by 4.6% in the first quarter of the fiscal ended March 31, 2010. The insurer said that the sales declined as North America region performed very poorly in the first quarter.

Aviva reports profit rise, calls Prudential’s Asia plans “audacious”

Andrew-MossAviva Chief Andrew Moss has called Prudential's Asia takeover plans as "audacious" and said that Aviva would be growing with the help of its own deals in Europe, especially Britain.

After announcing a surprising rise in its operating profits, Moss said that the offers made by its rival were "audacious." He was confident that the company would be able to make progress and was not under any kind of pressure.

Prudential has, on Monday, made an offer to buy AIG's Asia business for $35.5 billion.

Aviva Life Insurance inks ‘Strategic Alliance’ with India Post

Aviva Life Insurance inks ‘Strategic Alliance’ with India PostPrivate sector insurer Aviva Life Insurance has entered into a nation-wide strategic alliance with India Post, which will help the insurance firm to gather its premium of policies through post offices.

With the signing of deal, Aviva customers will now be able to make premium payments at any of the 8294 computerized post offices, spread over across the country without any additional cost. The move will make it convenient for customers to pay their renewal premiums on time, ensuring that their policy continues.

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