Tuesday, July 8, 2008

Aviva not to come into general insurance in India

Bar a foray into general insurance in the near future, Aviva India would focus on its life insurance business in the country and plans to develop its operations by approximately doubling direct sales force and lift up branch network by the year-end.

The company has no plans to enter the general insurance sector in India as after studying the market we realise that there is lot to do in the life insurance sector. First, they want to focus on that.

Earlier, there were speculations that Aviva India, whose parent company UK-based Aviva is a global leader in the general insurance business, may venture into non-life insurance in India as well.

Source: insuremagic

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