Private 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.
Later, the premium amount collected by the post offices will be transferred to Aviva through e-payment system of India Post.
Aviva Life Insurance is a joint venture between Dabur and Aviva and has paid up capital of Rs 1,491 crore. Aviva is the fifth largest insurer worldwide and has 50 million customers globally.
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