A man walks past an AVIVA logo outside the company's head office in the city of London March 5, 2009.
British life insurer Aviva on Thursday said it was maintaining its dividend, soothing concerns the payout could be cut to conserve capital, and reported annual profits that broadly met forecasts.
REUTERS/Stephen Hird/File Photo Acquire Licensing RightsNEW DELHI, Nov 14 (Reuters) - India's tax inspectors searched the office of British insurance giant Aviva's (AV.L) life insurance unit near New Delhi last week and seized documents as part of an investigation into alleged tax evasion, sources familiar with the matter said.
In a statement, Aviva Life Insurance, India, told Reuters "we can confirm that GST officials visited our head office site, we are in full cooperation with them."
UK's Aviva has a 74% stake in Aviva Life Insurance in India, with the rest owned by India's Dabur Invest Corp. Aviva's life insurance business has a less than 0.5% market share on the basis of first-year premium collections in India.
Persons:
Stephen Hird, Asit Rath, Sonali Athalye, UK's, India's Dabur, Aditya Kalra, Sharon Singleton
Organizations:
AVIVA, Aviva, Goods, Services Tax, Intelligence, Aviva Life Insurance, Reuters, Indian, Companies, Insurance Corporation, Bajaj Allianz, UK's Aviva, India's, India's Dabur Invest Corp, Thomson
Locations:
London, DELHI, New Delhi, India