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HDFC Life, BSL express interest in buying Aviva Life

The Burmans of the Dabur family will also sell their holding as Aviva Plc is losing interest in the business in India

March 13, 2014 4:52 IST | India Infoline News Service
HDFC Life and Birla Sun Life are among the six insurance companies which have expressed interest in buying Aviva Plc's Indian business Aviva Life, according to a media report.
Aviva Life is the joint venture between Dabur and Aviva Plc. Aviva is UK's one of the largest insurer and one of Europe's leading providers of life and general insurance. 
The Burmans of the Dabur family will also sell their holding as Aviva Plc is losing interest in the business in India, the report added.
The company sells insurance through IndusInd Bank, RBS and Punjab & Sind Bank and more than 30 cooperative banks as well as and regional rural banks. It has a distribution network of 134 branches spread across nearly 1,000 towns and cities.

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