is on course to becoming the first foreign insurer to hold 100% stake in an insurance joint venture in India with the British insurer on Thursday announcing plans to acquire the remaining 26% stake in Aviva Life Insurance Company India from its joint venture partner.

Aviva has agreed to buy Dabur Invest Corp's remaining 26% stake in its India life venture. The deal makes it the first foreign insurer to fully own an Indian life business under the new FDI rules.