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Mumbai, March 26

Bajaj Allianz Life Insurance Company has hiked its capital base by Rs 130 crore to Rs 700 crore. Mr Sam Ghosh, Country Manager of Allianz and CEO of Bajaj Allianz said: "We are very confident that our pace of growth will accelerate tremendously and this infusion of capital will enable us to continue with our expansion plans and achieve sustained growth." Bajaj Allianz Life is currently present in 900 towns and has two lakh agents. The company has crossed over Rs 7,000 crore of new business in five years of operations and over 30 lakh policies have been sold.

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