Aviva set to become first foreign insurer to fully own India life business

UK insurer Aviva Plc is set to fully own its Indian life insurance venture. This move follows New Delhi's recent policy allowing total foreign ownership in the sector. Aviva will buy the remaining 26% stake from its partner, Dabur Invest Corp. Full ownership offers greater strategic flexibility and faster decision-making for business expansion. The transaction marks the first deal under the government's liberalized foreign ownership policy.

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