Organizational Behaviour II
Group Assignment-II
Submitted By:
Gunjan Paul (12PGDM141)
Ipsa Bansal(12PGDM144)
Ishaan Makker(12PGDM145)
Minnie Dissoria(12PGDM149)
Nimisha Srivastava(12PGDM155)
Soumya Sharma(12PGDM177)
Q1. What is the name of the organization? What does the organization do? What goods/ services does it produce/ provide?
The organisation we chose is Aviva India. Aviva India is a joint venture between one of the country's oldest and largest groups, Dabur, and Aviva group, one of the UK's largest insurance group, whose association with India dates back to 1834. Aviva India wants to be amongst India's leading life insurers with a quality business model, focused on sustainable growth.
Aviva began operations in July 2002. As per the Indian insurance sector regulations, Aviva plc has a 26% stake and Dabur has a 74% stake in the JV partnership.
Aviva is UK's one of the largest insurers and one of Europe's leading providers of life and general insurance. Aviva is the world's sixth largest insurance group based on gross worldwide premiums for 2010 year. Aviva’s principal business activities are long-term savings, fund management and general insurance, with worldwide total sales of £40.6 billion and operating profits of at £2.5 billion at 31 December, 2011. With a history dating back to 1696, Aviva Group has a 43 million customer base worldwide.
Aviva India employs close to 3700 people, over 20,000 Financial Advisers with 135 branches across the country. Aviva has also partnered with more than 70 insurance brokers.
The organization deal in selling of financial products and it provides financial services to clients. The product portfolio of Aviva India is designed to meet all customer lifecycle needs related to protection, retirement, investments and savings. Aviva India has initiated and pioneered many innovative sales approaches, including the concept of Banc assurance and financial health check