Financial Daily from THE HINDU group of publications
Tuesday, Dec 06, 2005
Financial Daily from THE HINDU group of publications Tuesday, Dec 06, 2005 |
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Money & Banking
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Life Insurance Bajaj Allianz Life gets Rs 60 crore capital infusion Our Bureau
Mumbai , Dec. 5 BAJAJ Allianz Life Insurance Company has received a fresh capital infusion of Rs 60 crore, taking the total paid-up capital of the company to Rs 368 crore. According to a press release, Mr Sam Ghosh, Country Manager, Allianz and Chief Executive Officer, Bajaj Allianz Life Insurance Company said, "This infusion of capital will enable us to continue with our expansion plans and achieve sustained growth year after year. We already have our own offices in 352 districts capitals across the country and with this capital infusion, we will soon be able to reach the remaining 234 district capitals in the country and also move into rural areas."
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