M&A

M&A

UK’s Aviva to acquire JV partner Dabur’s 26% stake in life insurance biz

Economic Times  

UK-based insurer Aviva Plc is set to acquire the remaining 26% stake in its Indian life insurance venture, Aviva Life Insurance Co India , from its joint-venture partner, Dabur Invest Corp. This transaction follows the recent change in norms which permits full foreign ownership in the insurance sector.Aviva Life Insurance Co. India was established in 2000 as a joint venture between Aviva and Dabur Invest Corp. The firm reported a total new business premium of Rs.351-Cr for FY26, representing a 10% increase compared to the previous year. As of March 31, 2026, the company managed assets of approximately Rs.16,316-Cr.

For FY25, Aviva Life Insurance had reported about INR 223.19 Cr in Operating Income and about INR 107.52 Cr in PAT.