Aviva — 100% Ownership of Indian Life Insurance Business

Aviva Plc, UK, announced acquisition of the remaining 26% stake in Aviva Life Insurance Company India from Dabur Invest Corp.

After completion:

Aviva ownership

74% → 100%

It will become the first foreign insurer to fully own its Indian life insurance business, according to the source.

Why Now?

India allowed 100% FDI in the insurance sector in May 2026.

Background

• Aviva entered India's insurance market in 2001.
• JV with Dabur Invest Corp.
• Stake:
  • 49% in 2016
  • 74% in 2022
  • 100% after proposed acquisition.

UPSC Economy

FDI liberalisation → capital availability → insurance penetration → competition → financial inclusion