Aviva to Gain Full Strategic Control of Aviva Life Insurance Company India Limited

Aviva to Gain Full Strategic Control of Aviva Life Insurance Company India Limited

(IN BRIEF) Aviva has agreed to buy the remaining 26% stake in Aviva Life Insurance Company India Limited from Dabur Invest Corp, its local joint venture partner. The acquisition will take Aviva’s ownership of Aviva India to 100% and give the company full control over the business’s strategic direction. The joint venture was originally formed in 2001. The transaction follows changes to India’s foreign direct investment rules, which now allow foreign insurers to hold full ownership of local insurance companies. Aviva had already increased its stake in the business in 2016 and 2022 after previous regulatory changes. Once the transaction is completed, the current joint venture agreement will end. Aviva said the financial impact is not material.

(PRESS RELEASE) LONDON, 9-Jul-2026 — /EuropaWire/ — Aviva has signed an agreement to acquire the remaining 26% shareholding in Aviva Life Insurance Company India Limited from Dabur Invest Corp, its local joint venture partner.

The transaction will increase Aviva’s ownership of Aviva India to 100%, giving the group full control over the strategic direction and future development of the business.

Aviva India was established in 2001 as a life insurance joint venture between Aviva and Dabur Invest Corp. The agreement to acquire the remaining stake follows recent changes to India’s foreign direct investment rules, which now allow foreign insurers to own up to 100% of local insurance companies.

Aviva had previously increased its shareholding in Aviva India in 2016 and again in 2022, following earlier changes to foreign direct investment regulations.

Once the latest transaction is completed, the existing joint venture agreement between Aviva and Dabur Invest Corp will be terminated. Completion is expected to take place in due course.

Aviva said the financial impact of the transaction is not material to the group.

Notes to editors:

• We are the UK’s only diversified insurer and we operate in the UK, Ireland and Canada. We also have international investments in India and China.
• We help our 25.2 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.
• We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2025, we paid £31.9 billion in claims and benefits to our customers.
• Aviva is a Living Wage, Living Pension and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at www.aviva.com/about-us/our-people/
• As at 31 December 2025, total Group assets under management at Aviva Group were £454 billion and our estimated Solvency II shareholder capital surplus as at 31 March 2026 was £6.1 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
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Media:

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SOURCE: Aviva