Aviva Life Insurance

The insurer currently has around 350,000 customers and plans to increase annual customer additions from nearly 25,000 at present to 50,000 initially, before gradually scaling up to 75,000

Indian tax officials have asked Aviva why it should not be penalised for the scheme in the period 2017 to 2023, which a confidential company document shows began in 2013

On a policyholder's death, future premiums will be funded by the company

Aviva's India business paid about $26 million to entities who purportedly provided marketing and training services, but they did not perform any work

We plan to grow digitally, which means we will not require salesmen

He also adds that demonetisation will help the insurance space in the long and medium term

Aviva India is a life insurance joint venture between the UK's Aviva Plc and the Dabur group

Insurer Aviva has taken an additional 23% share in Aviva Life Insurance Company India from joint venture partner Dabur Invest Corp