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Aviva launches savings plus life cover plan for rural and small-town India
MUMBAI: In a world where aspirations are rising faster than premiums, Aviva India is scripting a small-town success story with its latest insurance offering. Aviva India has launched Aviva Bharat Bal Vikas Yojana, a life insurance savings plan tailored for families in India’s rural and semi-urban markets. With premiums starting at just Rs 1,000 per month, the plan aims to provide both financial protection and a secure path to children’s dreams whether that’s a college degree, a vocational course, or a business of their own.
Designed with flexibility and simplicity in mind, the non-linked, non-participating policy offers guaranteed maturity benefits and life cover. The entry age starts at 3 years, extending up to 50, with terms ranging from 12 to 30 years. Policyholders can pay premiums monthly, quarterly, half-yearly or annually, making it adaptable for diverse household budgets. The maturity age goes up to 80 years.
If the life insured passes away during the term, the nominee receives the highest of:
. The Death Sum Assured
. The surrender value (either Guaranteed or Special Surrender Value)
. A minimum of 105 per cent of total premiums paid
Aviva India, chief marketing officer, Vinit Kapahi noted, “This isn’t just another insurance product, it’s a bridge to ambition for families beyond metro cities. Aviva Bharat Bal Vikas Yojana is for parents who dream big for their children but don’t want to get lost in complicated financial jargon.”
The plan also offers guaranteed lump sum benefits upon maturity and comes with tax perks under prevailing laws making it not only emotionally reassuring but financially rewarding.
While urban India is spoilt for choice when it comes to financial tools, Aviva Bharat Bal Vikas Yojana is a welcome step in democratising protection and savings. It reflects the insurer’s push for financial inclusion by targeting the heart of Bharat where every rupee counts and every dream matters.
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Boeing appoints Barun as head of FP&A for global engineering function
Seasoned finance leader to steer budgets and strategy across global centres
BENGALURU: Boeing’s finance cockpit has a new pilot, and he is no stranger to turbulence or transformation. Boeing has appointed Barun as head of FP&A for global engineering, placing him at the centre of financial strategy for its worldwide engineering and technology operations.
Based in Bengaluru, Barun steps into a role that is as expansive as it is critical. He will serve as the primary finance lead for Boeing’s Engineering and Technology Centers globally, working closely with executive leadership to shape financial decisions, manage complex budgets, and design scalable finance processes that support the company’s growing engineering footprint.
In a note announcing his move Barun said, “I’m excited to share that I’ve joined Boeing Global Engineering. This opportunity is incredibly meaningful to me not just from a professional standpoint, but also for what Boeing represents globally.” He added that he looks forward to contributing to an organisation that continues to shape the future of aerospace and innovation.
Barun’s mandate spans strategic financial leadership, operational oversight, and stakeholder engagement. From directing large-scale budgets and schedules to influencing long-term organisational goals, the role blends financial discipline with business foresight. He will also lead cross-functional teams and partner with finance colleagues worldwide to support engineering programmes across geographies, including India.
The appointment caps a long stint at Juniper Networks, where Barun spent over a decade, most recently as finance senior manager. There, he led FP&A for global product business units and G&A functions, driving budgeting, forecasting, and long-range planning. He also played a key role in enterprise-wide transformation, including spearheading an Oracle to SAP ERP migration and building advanced analytics capabilities using tools such as Tableau and SAP Analytics Cloud.
His earlier career includes finance leadership roles at Sony India Software Centre, Cognizant Technology Solutions, and Mphasis, where he focused on financial planning, governance frameworks, and operational efficiency across global delivery centres.
A chartered accountant from the Institute of Chartered Accountants of India, Barun brings nearly two decades of experience across financial planning, digital transformation, and analytics-led decision making.
His appointment comes at a time when global engineering operations are becoming increasingly complex and distributed, requiring sharper financial oversight and agile planning. With Barun at the helm of FP&A for engineering, Boeing appears to be tightening its financial playbook as it looks to scale innovation with discipline.
