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