Aviva Life Insurance has registered a significant decline of 23 per cent in premium collection to Rs 31.21 crore in June 2012 against Rs 40.72 crore in June 2011 reporting a growth for the previous three consecutive months.

The insurance company’s premium collection during the period April- June 2012 rose by 93 per cent to Rs 180.09 crore against Rs 93.20 crore during the corresponding period April-June 2011.

The number of policies issued by Aviva Life Insurance fell by 8 per cent to 11,308 while during April-June 2012, it sold Aviva Life Insurance has sold 32,305 policies, a growth of 28% against the same period last year.

Moreover, the fresh premium collection of 23 private players together declined 9 per cent to Rs 1,786.21 crore while the sole public insurer, Life Insurance Corporation of India (LIC) recorded a premium collection of Rs 5236.28 crore during April-June 2012, up by 29 per cent.

Recently, the company launched an online health plan, Aviva Health Secure which provides the policyholder with a lumpsum amount on diagnosis of any of the 12 critical illness covered by the policy.

Aviva Life Insurance Company India (Aviva India) offers a variety of life insurance and investment products under the Aviva brand name, as well as financial planning services.