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Our Bureau

Mumbai, Jan. 20

Aviva Life Insurance has hiked its capital base by Rs 199.1 crore to Rs 758.2 crore. The infusion has been made by Dabur and Aviva in the proportion of 74:26. The fresh infusion would help fuel growth plans in 2007, said a news release from the company.

"Aviva has a long-term commitment to India and the current capital infusion of Rs 199.1 crore will allow us to expand our operations and launch new products for the customers. In 2007, we plan to increase our branches to 192 locations in India and expand our sales force to 31,000 advisers," said the release, quoting Mr Bert Paterson, Managing Director, Aviva India. "We have ambitious plans for India and we look forward to an increase in FDI to 49 per cent this year," added Mr Paterson.

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Aviva Life raises capital by 199 cr

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