| Aviva Life Insurance will open 22 more branches in south India taking the total to 42 during the current year.
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| According to Vivek Khanna, marketing director, of the proposed branches, 12 would be in Kerala since the state is one of the best markets for the company in south India.
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| Towns like Kottayam, Thrissur, Kollam, Kannur, Thiruvalla, Perinthalmanna, Alappuzha,Ernakulam, Thodupuzha, Palakkad, Chavakkad and Aluva, in Kerala will soon have new branches of Aviva.
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| The insurance company will also open branches at Belgaum, Davanagere, Pondicherry, Bangalore, Secunderabad, Guntur, Chennai, Hubli and Mysore.
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| Addressing a press conference here today, he added the total number of financial planning advisers (FPAs) would be enhanced to 10,250 from the current 6,000 by the year end.
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| Aviva has tied up with 30 banks to distribute its products and is reaching out to 497 locations in India through the bancassurance network even while the company has 187 direct branches.
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| He also said that the life insurance business had grown by 111 per cent during the last fiscal with a robust growth of 115 per cent by the LIC and 105 per cent by the 16 private sector companies. Aviva currently has 4.7 per cent market share in India. |
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